Now that is a good sized down move that took out support and coming into more support. so further down is very possible, and on bounces the short trade is where I will be leaning the hardest.
That being said do watch for strong reactive buying if buyers are found.
Big one sided move the red zone has less value and will put more value in how the action plays out, follow the flow and be ready for fast V turns.
That being said do watch for strong reactive buying if buyers are found.
Big one sided move the red zone has less value and will put more value in how the action plays out, follow the flow and be ready for fast V turns.
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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.