- Similar price action on the daily and 3Day charts, with CPI data pending on 08/10.
- Key difference is that in June price was below mid BB on 3D, which is bearish continuation, whereas now it's above mid BB, bullish sign. Divergence is yet to be seen on the daily, but flag seems to be forming. If it can hold 4100, my lean is we test 4260 range before pullback. That would be perfect trap today. Drop to 4100, suck in shorts, then rip to 4260 and drop. Market inflicts max pain on the retail traders. Be careful not get swayed by headlines. Just know your price levels and react quickly.
Disclaimer
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.
Disclaimer
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.