Target? Current price action is a bit messy, but this looks pretty bullish to me as long as we're holding above 44/46 and even 40 on a new push lower.
Its not wise to short a directionless dead mkt as its easily manipulated. Sure you get lucky once in a while but over time its a losing game . There's few sellers right now
Nice insights today @Laissez Faire . I just don't like the risk reward way up here. Even with yesterday's beast of a close the price action feels really hesitant anytime its at the very top of the range. If we're heading into the 3000's or 3100's, some meaningful follow-through would be nice.
It has a pretty HS structure - 5 min, but should be selling off by now..rather since the day's low - 3 higher highs & 3 higher lows..