Yesterday it touched the b point then instantly reversed and headed higher.
I was looking for it to consolidate at B like it usually does but the fact it spent such a small amount of time there means there may be more buyers around than expected.
I am still looking for a pump up to the 4100 region then a bart back down but in order to trade that I will be watching for a consolidation first. It will need to go sideways for a while before I look to fade from the top.
As such I've increased the area of the red zone by quite a lot and will narrow it down again once there's more information.
Scalping with a bullish bias in the mean time.
I was looking for it to consolidate at B like it usually does but the fact it spent such a small amount of time there means there may be more buyers around than expected.
I am still looking for a pump up to the 4100 region then a bart back down but in order to trade that I will be watching for a consolidation first. It will need to go sideways for a while before I look to fade from the top.
As such I've increased the area of the red zone by quite a lot and will narrow it down again once there's more information.
Scalping with a bullish bias in the mean time.
Comment:
It's just snoozed on through the timeframe I was looking for some kind of reaction. It must be building up to something and I am looking for it to go up before it goes down. Still mainly looking for a bart region to short.
