Mornun!
Quick chart update for y'all. Patterns tend to repeat in TA
Noice the circled areas
EMA crosses
Crammed between into 50EMA (light blue EMA)
Red inner March downtrend line
SRs (white)
Notice volume profile at arrows and correlation to price action. We are due some red bars.
For me needs to break the inner red downtrend AND break the 50EMA to be long. Otherwise we go back down with a rejection. How far who knows. New lows? 362 double bottom? Maybe up and break the above?
My guess....I'm short for next Friday expiry at 388. Think we may try for 393s-395ish and reject again. Possible sideways chop in gap fill range.
Traders market. Be safe and trade wisely.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11