Further to my earlier post, i was expecting a swift up and down move to take out some weak hands above 23900 and quickly come down but it has stalled just below and the consolidation around 23800 seems to imply that there may be more upside to come.
I will negate the earlier idea of going short above 23911 and instead look to sell around 24050-24120.
A short position here with a SL 23980 can be considered but i will wait for a better opportunity.
If you look at my weekend post, we are quickly back in the distribution zone(23750-24250) again so there may be more consolidation without any clear direction.
I will update if a more clear picture appears.
Thank you.
I will negate the earlier idea of going short above 23911 and instead look to sell around 24050-24120.
A short position here with a SL 23980 can be considered but i will wait for a better opportunity.
If you look at my weekend post, we are quickly back in the distribution zone(23750-24250) again so there may be more consolidation without any clear direction.
I will update if a more clear picture appears.
Thank you.