Trade/Market recap
Actualizado
Not the best day today. Although I was somewhat right in my analysis, my entry was far to early. The trend was trending bearishly and strong which indicated the pullback would be as well. Considering how hard price fell to begin with, I should have assumed price would go above a 50% retracement.
All in all, today was not a bad day but just poor judgement on my end. Losing is apart of the process that develops our skills and are required to grow.
I need to take one more step back and remember to factor in the entire trading environment, using personal discretion and technical analysis.
Price is continuing to fail its attempts to break out past recent highs and is staying range-bound but is trailing up post market. It is in my belief that like in previous days, price will go bearish after market open or potentially during pre-market session.
All in all, today was not a bad day but just poor judgement on my end. Losing is apart of the process that develops our skills and are required to grow.
I need to take one more step back and remember to factor in the entire trading environment, using personal discretion and technical analysis.
Price is continuing to fail its attempts to break out past recent highs and is staying range-bound but is trailing up post market. It is in my belief that like in previous days, price will go bearish after market open or potentially during pre-market session.
Nota
Price has obliterated previous day highs.Looking to see price reach next level of around 5583.00, if bullish momentum continues.
If price reverses, the first target area for price to return too would be around 5537.50 and then 5518.50 if price continues to decline.
Nota
Market did indeed go bearish after finding resistance at the 5584.25 level, a previous seen area of resistance. Price fell back down to 5518.25
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