Just a quick note about the previous trade: This was a long trade place at the wrong time against the daily chart. My mistake. This is the worst mistake I could make. I NEVER TRADE against the daily trend, when I do most of the time I am wrong. Just my advice based on previous trades.
I don´t like to make predictions about the market, most of the time It proves me wrong. I always like to let things happen. But this time I feel there will be an explosion to the downside because of this bear price action. I don´t know it seems like ....
EXPLOSION to the downside happened during the extended section... It is still happening, let's see the action during the regular section. Could this be a gap down continuation ?.
Large "Explosion" down, now comes the afternoon section, I wonder if this bearish move will resume later today ....
On the longer timeframe, we are in return to Dominant traverse short after the non-Dom long traverse which broke out of it’s RTL last Thursday. What to watch for is with increasing volume does the price action stay close to the RTL or does volatility expand toward the LTL of this larger channel short.