The price is being worked up higher. This is Friday, and a bad time to enter trades unless you are also closing them before the end of the session. We could get a gap down on next week's open!
For me, I think they will continue to work this higher. I am anticipating that my next trade will be a short. But I will let them work it to a pinacle before looking for an entry setup.....most likely not until next Monday at the earliest.
Today may be fraught with confusing charts.....things looking good and consistent and then WHAMO ....a quick and big reversal. It could happen. Friday is normally a day for winding things down, so any "good looking" move becomes suspicious. There may be good moves, but that is just enticement to enter the foray on a day when trades should be closed out....and they may trap many that way.
For me, I think they will continue to work this higher. I am anticipating that my next trade will be a short. But I will let them work it to a pinacle before looking for an entry setup.....most likely not until next Monday at the earliest.
Today may be fraught with confusing charts.....things looking good and consistent and then WHAMO ....a quick and big reversal. It could happen. Friday is normally a day for winding things down, so any "good looking" move becomes suspicious. There may be good moves, but that is just enticement to enter the foray on a day when trades should be closed out....and they may trap many that way.