possibly will close around the $156 level - and we're back to the previously defended zone as expected in the prior post -- sad week.
no trades until we find our bearing, otherwise we get caught in the rough up/down waves. the issue is, it's not clear how long this situation will take to clear - otherwise it was a good chance to start accumulating a long position and do a phased entry - but not yet.
need to be cautious and patient.
no trades until we find our bearing, otherwise we get caught in the rough up/down waves. the issue is, it's not clear how long this situation will take to clear - otherwise it was a good chance to start accumulating a long position and do a phased entry - but not yet.
need to be cautious and patient.
Commento:
what happened when we touched the projected $156 price level is a good surprise - it means there's still a desire to keep the price from going down. now we need to watch what happens when market opens on Monday. The other interesting things is, the projection calculation for the short-term down move was spot on!
