After Sunday's open, we are now back at the open of the night - plus one or two points. Starting the trading day early has it's benefits.
The difference being now however that the short term trend has also now turned BEARISH.
Now that the short term trend AND the overall trend are now the same, it's time to follow the overall bias. Looking to entry a SHORT position on a breakout of the new recent low, as this would provide confirmation that the price is truly reversing at this point.
After the amount of news over the past few days, don't expect the pace of the market to slow down. The reactive trader will be the winner in this kind of environment.
Be flexible with your view on the market or you will find yourself being left behind!
The difference being now however that the short term trend has also now turned BEARISH.
Now that the short term trend AND the overall trend are now the same, it's time to follow the overall bias. Looking to entry a SHORT position on a breakout of the new recent low, as this would provide confirmation that the price is truly reversing at this point.
After the amount of news over the past few days, don't expect the pace of the market to slow down. The reactive trader will be the winner in this kind of environment.
Be flexible with your view on the market or you will find yourself being left behind!
