DislikedGood morning Chris!
If we are seeing our retrace then I would expect to see 1.566 again in the near future before resuming it's new down trend.Ignored
Yes that would be the very top. I just posted above 5600/40 as to trade the touch would, in my mind, be very aggressive and close to "picking tops". Not that it wouldn't work but I'd wait for the actual bounce (if it even gets there) before committing me thinks.
Also, check that TL you have there. It "looks" like it's a touch above the previous wick? Also, would not that 20MA drop a bit more as it gets there? I don't use that MA so just asking but I assume it's a rather fast one?
Ghost Rider - WWTBMD?