Simple Fundamental Momentum Short Trade Setup
Positive Jobs Report And No Rate Cut Speculation Has Me Targeting The 1.618 and 2.618 levels as the next near term targets in the absence of any other news. Happy Trading and high profits.
Nice channel down. Descending trend line resistance holds strong with 3 points of contact. Failed inverted head and shoulders pattern could provide downward momentum to complete what might be a healthy downswing for a move higher. Looking for a correction to 10,000 to open new longs.
