79.00 was gap fill for overnight in MHO. still undecided what market wants to do. all my signals are restricted to gap fill so far. beyond that i am not getting favorable signal for long, so short scalping is in play for me, till market has shown a direction.
price is in a box 79.50 and 75.50 have to wait and see which way is it gonna break, if it breaks would it be with strength or just a fake out.
even though the signals are all topped out, long is looking good now. have to see how it will play out. scary market.
need price to drop and bounce up from (77.00- 75.50 bracket) and break the 78.50 barrier for strong upwards. ceiling formation also happening 78.75 so it is lot of mixed signals.
ceiling pattern is forming as we speak at 78.50 ( 2000 ticks) not completed but they are trying to form it. i would like price to come down to 77.00 to dismantle the ceiling.