Not much action today; Seems impulsive to the downside tonight
Quiet day but I'm anticipating a pretty impulsive move tonight to finish out this structure. Looking to enter a heavy long position around $6,800-$7,000. Should make for a very solid long entry, expecting a strong correction to the upside. Towards the bottom of this cycle could get pretty violent, I'm anticipating a lot of people looking to get their long entries in. I took profit from my short position at $7165, but if you're short and looking to play long, I would not recommend waiting it out for the best exit because as soon as we begin to reverse I don't think we will be coming back down until retesting $8,000. Best of luck and safe trading.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.