DislikedEstero makes a valid point, yes the trend is down but for those comfortable with a proper countertrend, one is due for 2 reasons, one to take some profits of the table and two to load her back up again.
My buy button works as well as my sell button. The easy money is with the trend, if you are comfortable and know how to there is nothing wrong with trading a countertrend when it arises.
I actually closed my longer term shorts last Friday, as posted here. Want to see how Monday plays out.
EDIT: It all depends on what TF you trade, plenty...Ignored
Never really got confirmed on anything past a 5m chart for a good run, but agree with ya Clogs, there were a few shekles to be had for those brave enough to take.
I have a real tough time marrying a trade. Market does what it wants and when it wants, so why not capture a couple, ride out a couple and make up the difference as it presents.
My 30m chart...never even got close to a long sniff....
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