Not a problem Steve,
It is a nice area to consider shorting from (if the market respects dynamic resistance). I would want to see a nice dominant sell signal on the chart before pulling the trigger. I do agree with direwolf. It does look like the market wants to correct higher upwards were a potential sell signal could develop of that resistance level he has marked.
At the moment there is nothing to do, it's just a matter of waiting and letting the price action guide us.
Direwolf's input also lines up nicely with the weekly chart.
It is a nice area to consider shorting from (if the market respects dynamic resistance). I would want to see a nice dominant sell signal on the chart before pulling the trigger. I do agree with direwolf. It does look like the market wants to correct higher upwards were a potential sell signal could develop of that resistance level he has marked.
At the moment there is nothing to do, it's just a matter of waiting and letting the price action guide us.
Direwolf's input also lines up nicely with the weekly chart.
Obsessed with Price Action Trading, Swing Trading & Breakout Strategies