DislikedI posted this chart earlier and will post it again, we just completed a 38.6% retrace from the last major downthrust. We will have a bounc off this 229 area and probably land about 226. I am going long again at 226 because we had a bar close above the 4hr 50ema and 4hr 100sma. After the bounce I am targeting 231.30 area next
I base the majority of my trades off the 4hr charts. It fits my pace of trading and isn't near as stressful.
I am short from 228.50 and cool as a cucumber, like Karmo said, you can't expect a retrace before triple interest is paid. Dont worry brosIgnored
M2B