If X happens, short. if Y happens Long

Trade according to the scenario at hand. The full breakdown did not happen as I initially thought. There seems to be a lot of hesitation in the bear camp as shown by the sustained uptrend here. The latest uptrend happens to be within an ascending triangle so we will wait for confirmation on either end before trading a direction.

This has turned from a dead cat into a potential short term bottom, depending on what happens next

Yorum: