DislikedGood morning Kambooj, Any updates yet? Wishing you continued success.Ignored
Sorry, Just read your post right now.
One thing from a behaviour perspective that is expected to happen if we still have a uptrend in place is a very large spike of at least 200+ pips upwards. This phenomenon is not happening and price action is creating a expanding environment at the end of impulse move.
Its still not solid evidence for a bullish signal.
If you look at the weekly chart we are within a very important action/reaction zone which in most cases it has been a sell zone. So something has to give soon for a downdraft to start.
The only good position right now is to not be in the market until some kind of a trend gets established.
Glenn Neely says that the word "Wipsaw" was probably derived out of trading in a expanding environment, which I have to agree with him very strongly.