The green volume spike on the 15th of last month was mirrored again on the 25th on the day chart.
This kind of symmetry often marks the beginning and end of impulse waves, so we may be close to the end of this downward movement.
I have a small long position which I am looking to add to only after my initial entry area is profitable and green volume bars start to clearly swallow up the red. I have a target at 5900 and once it's in the 6300 region I will be looking to short.
Also, the TD Sequential count on the day chart is now at 13 which is often another big reversal signal in that system.
This kind of symmetry often marks the beginning and end of impulse waves, so we may be close to the end of this downward movement.
I have a small long position which I am looking to add to only after my initial entry area is profitable and green volume bars start to clearly swallow up the red. I have a target at 5900 and once it's in the 6300 region I will be looking to short.
Also, the TD Sequential count on the day chart is now at 13 which is often another big reversal signal in that system.
