12% Correction Update Since NFP Release
Just updating my thesis since I can see NFP started another leg down. Still in a 12% correction down to 40,750.
Next week I am looking for a slight pullback before another leg down/ dump.
Buying in this downtrend is going counter trend. Until we get down to 40,750 and start to see signs of bullish reversals should you then think about going Long. Until the meantime, look for shorts.
I honestly thought price was going to make a double top or more of a pullback in that range before NFP dumped. I guess the market wants to dump sooner and get down to 40,750 faster.
I only react to prices and trade accordingly.
The blue line is 2025 Opens price and so far, price is selling off of it. Next target is the Gold line.
Next week I am looking for a slight pullback before another leg down/ dump.
Buying in this downtrend is going counter trend. Until we get down to 40,750 and start to see signs of bullish reversals should you then think about going Long. Until the meantime, look for shorts.
I honestly thought price was going to make a double top or more of a pullback in that range before NFP dumped. I guess the market wants to dump sooner and get down to 40,750 faster.
I only react to prices and trade accordingly.
The blue line is 2025 Opens price and so far, price is selling off of it. Next target is the Gold line.
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