Are we going to revisit the bottom of the range? The markets as I said before are taking risks again. But for how long? The fundamental problems are still there and have not gone away. At this time the market is overbought on the daily chart. The stoch has turned down from lofty highs. We also have a bearish reversal candlestick pattern - bearish engulfing.
On the other hand the bearish candle could just be a retest of the breakout zone...
Olu
On the other hand the bearish candle could just be a retest of the breakout zone...
Olu
Find a trend and milk it for all it is worth. That's how to be profitable