Quick Chart For Ya -
This is the channel that will totally destroy your accounts if you trade it, You need to be very nimble to trade it taking profits quickly. We will then eventually hit the bottom with a capitulating move and then break out of this channel. This is where you will look for confirmations to re-enter, For now I would sit on my hands and wait for those confirmations instead of poking at this market. Best of luck - Not financial advice, Be safe out there traders!
This is the channel that will totally destroy your accounts if you trade it, You need to be very nimble to trade it taking profits quickly. We will then eventually hit the bottom with a capitulating move and then break out of this channel. This is where you will look for confirmations to re-enter, For now I would sit on my hands and wait for those confirmations instead of poking at this market. Best of luck - Not financial advice, Be safe out there traders!
