The buyers regained the short term control and trended up back to resistance. The session ended up at the inflection point. A few warning signs though:
- RSI flashing overbought condition.
- Steep trend line. Usually, such compression may not sustain.
Need to see a decisive break to either direction. Or Fake out which would be ideal for shorting.
The zero sum game is on. Stay nimble. Trust the price action and short term bias.
8/16/19
- RSI flashing overbought condition.
- Steep trend line. Usually, such compression may not sustain.
Need to see a decisive break to either direction. Or Fake out which would be ideal for shorting.
The zero sum game is on. Stay nimble. Trust the price action and short term bias.
8/16/19
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