EU: Increasing swings with negative drift. LO PA moved it back to TL, backtest. Overall, looks bearish. This is a SonicR short setup as it stands. On the other side of the coin, this is only Tuesday. Wednesday is big release day. And Friday is NFP release. Whichever way PA goes, I can see the market either keeping it ranging, or starting to whip it up/down in order to enhance ability to build positions. All I know is what this chart says.....
....Dragon is angled down. PA is below it and has backtested a TL which (so far) has held as resistance. PA is at half number area, a good place to launch a move. And the LS is underway. With all that, it might go up, down, or continue sideways until Friday!
....Dragon is angled down. PA is below it and has backtested a TL which (so far) has held as resistance. PA is at half number area, a good place to launch a move. And the LS is underway. With all that, it might go up, down, or continue sideways until Friday!