Watch for another double-bottom in the next two days
Sellers are backing off slowly. They could easily ramp up again tomorrow - volume for the first day of the week is consistent with the last two weeks. I'm expecting more red to follow. Considering opening a long position here if the signals are strong and we get a nice bounce. If price action lingers at that double-bottom watch for a quick break below. Everything I see suggests some strong ranging action over the next few days.
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Ranging! I'm sidelined with cash until we get a break in one direction or another.
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Waiting patiently for a pattern to emerge:
