Market Open Game Plan: Short Continuation
Updated
Giving another point of view from an hourly chart, we can see the stochastics in a divergence, meaning down trend is still in play.
The only thing I can't control is the gap ups and down that comes with the market open. Once we get back into a trend, then we'll really know how to trade for this week, but allow the market to play out.
Sit back and relax, day 1 are always the most boring set ups.
Happy Hunting.
The only thing I can't control is the gap ups and down that comes with the market open. Once we get back into a trend, then we'll really know how to trade for this week, but allow the market to play out.
Sit back and relax, day 1 are always the most boring set ups.
Happy Hunting.
Note
After watching the market, this graph is now in a major consolidation area, I'd look out for a reversal to the upside from here, do not trade in this area if you are inexperienced on scalping. Trade with caution.
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