AN is still respecting trendline and MAs will still be looking for bearish activity before making an entry
....
I would either wait for shorts. Definately a pullback to either create a new BC leg either that or break of trendline for long positions for now I will be waiting on the sidelines.
Overall im with the bears. Im awaiting a pullback and price action will determine whether im still with the bears or change to the bulls
EC could create a potential CD leg and if it respects trendline ill go long but if it breaks it short.n#possibilities
i would say its a good time to go long as price is oversold. i wouldnt go long unless i see bullish price action. what im hoping for is a pullback to 0.618 to hopefully see some price action around the EMA 200. thats where i will be looking for the next entry on GU
Possibility of long position. if levels break the 0.5 retracement level and shows bullish price action i will look for a long position but if it respects it i may look for short positions. Only time will tell
Traded the AB leg yesterday hit TP today. Now im looking for a potential CD LEG to trade with the trend. What do you think ? Please leave comments if you like
break of month support could see downside movement