More chop, but today its in our favor. We closed over the 8ema and above the 161.8% Fibonacci of the green range. We also closed at the top of today's candle. The ADX crossed again, but at this point its useless because it keeps crossing back and forth in this chop.
It'll take 2 or 3 trading days of green candles to know if we're breaking out of this congestion. So, we're holding our bullish position and keeping our eyes open.
No comments:
Post a Comment