Wow, that's a serious daily bear candle.
Alas, the price is still contained within the medium/short term bull channel. So if you're bias is long, this isn't a terrible spot to add to the position.
The long term bearish pennant is still developing. Personally I would like to add more short positions on a retrace to .9800 psych level and .9825 daily 50.0 fib. Still holding the partial position from .9870.
Alas, the price is still contained within the medium/short term bull channel. So if you're bias is long, this isn't a terrible spot to add to the position.
The long term bearish pennant is still developing. Personally I would like to add more short positions on a retrace to .9800 psych level and .9825 daily 50.0 fib. Still holding the partial position from .9870.