DislikedD had a reasonably solid positive close Y but bumped up against the R at 5600. That is proving to be a key level. 4hr last close was positive but with divergence. 1hr is showing a pos close, shooting star, negative close for an evening star pattern (normally a good downside pattern) with divergence. The 1hr is on a significant hl (admittedly from Asian session) with a marginally hh. Normally I have view that the weaker bounce lower from 5600 should = more upside.
So theres lots of reasons to say up and lots to say down. I'd like to see a solid...Ignored
Sitting out is a definitive decision, and cash is always a healthy position - no point in trading if it doesn't meet your rules
"To live with Passion, it takes Courage and Grace to survive"