must be some news but for now still in a range. I read the transcript, maybe I'm too naive, but I really don't understand why saying Trump did something terrible.
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Cobra wrote:must be some news but for now still in a range. I read the transcript, maybe I'm too naive, but I really don't understand why saying Trump did something terrible.
china deal could come "sooner". who needs PPT when a simple china looking better tweet does trick every time!
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Because we are pushing against the overnight high not sure if it will breakout.
Price Action Trading rules on breakouts-
1. Always look for the break out that then pulls back. The second breakout is usually the tradeable one.
2. Congestion or a range means price equilibrium. Generally the breakout will be in the direction of the prior trend. Counter trend breakouts are usually a good candidate to fade.
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vol surge so maybe a pullback here first which likely would be bought.
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Sometimes just because the trading day is over doesn't mean the move is over. Will see if we get serious selling next 30 minutes or not. Sure looks like good momentum so I am guessing it will carry into Asian hours.
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