The market is still bullish, right now we at our resistance zone (neck-line) and the market is exhausted. My scenario is that, the market will be rejected at our resistance and it will fall to complete the second shoulder. Right now it is best to secure your profits and wait for the market to complete the second shoulder then you can scale in and add more long positions.
A good buying opportunity right after the market re-tests our support zone. Long position expected, the market is still in a bullish trend and I expect it to complete its bullish movement.
As we wait for the market to reject the price or continue being bullish. Pure support and resistance, should the price reject it would be a good selling opportunity but should the price continue being bullish and break out then a buying opportunity will present itself. Right now we neutral, no position taken!
