Late entry my eyes were on gold and the dollar, but what beautiful price action with a classic Wednesday reversal. Somewhat equal highs with price meeting in a significant zone. We are seeing a run down to fill the imbalance after a crazy run off from tech earnings that pushed the market to extend. Never buy high and FOMO into a trade there is always a new opportunity. Just have to be patient and discipline.
Commento:
Im now expecting price to consolidate and accumulate back into the zone above, and shoot down. Monthly economic data (CPI+PPI) next week not factored into this analysis.