A consolidation session, which is in alignment with a typical market action after a strong move. You can see from the chart that the trend line is broken, however, the price is kept above the support. The market is ready for the next move up or down. It may happen on Sunday night or during Monday's day session. All the signs for the balance to breakout.
My personal trading is based on patterns that develop in real-time. That keeps me from predicting where the market would go and provide an objective execution when a specific pattern is complete. The market could be super bullish but if I see a bearish pattern formed I would short it. If a pattern fails that opens a new opportunity to play the other side.
In today's day session both short and long opportunities were available.
9/6/2019
My personal trading is based on patterns that develop in real-time. That keeps me from predicting where the market would go and provide an objective execution when a specific pattern is complete. The market could be super bullish but if I see a bearish pattern formed I would short it. If a pattern fails that opens a new opportunity to play the other side.
In today's day session both short and long opportunities were available.
9/6/2019
