If the bottom is in which I believe it is, I`m quite sure it will be tested one more time before going higher. Just a word of caution from a clueless newbie Done for the day. Good luck fellas.
Please do explain this. I really want to learn how you saw the bias change so early, even if the confirmation came later. Not joking here.
Time for one last post today. Bottom may be in, but there is no signal of that on any chart right now. --Unlikely that bottom is in.
I was talking about an intraday bottom The test is happening right now and may overshoot or undershoot the previous bottom. Nice trade, btw. Do you have any target for it? At which point will you consider taking a profit?
It was overbought based on some indicators. It came up and touched the R1. It had gone up quite a bit over the past couple of days. It was just a good time to short.
A buy stop @ 1146 may or may not be a good confirmed long entry intraday. Bottom pickers may enter now That`s all