First of all congratulations to Valerus_Forex for making the TradingView newsletter awesome job.
Now we broke the key level of the 50% retracement or more important the psychological number of 400 which gets everyone thinking bearish. The monthly candle for August doesn’t look good for bulls as of right now it’s a inverted hammer heading into September where we have new numbers on everything and the feds raising rates also like Courtneyd said we have TRIPLE WITCHING on the 16th so manly avoid trading the last couple of hours on that Friday. As for tomorrow I’m thinking we retest the 400 level again then pullback down probably close the day red and flat so make sure you are buying puts or calls on pullbacks not breakouts use the fibs and 30 minute high low also the previous days high low for gauging where we’re at in the market. There’s so much to keep in eye on like the DXY US dollar keeps going for 110 when that happens it’s over
As always trade what’s in front of you good luck
Let me know what you think below, sharing thoughts helps us all learn
Now we broke the key level of the 50% retracement or more important the psychological number of 400 which gets everyone thinking bearish. The monthly candle for August doesn’t look good for bulls as of right now it’s a inverted hammer heading into September where we have new numbers on everything and the feds raising rates also like Courtneyd said we have TRIPLE WITCHING on the 16th so manly avoid trading the last couple of hours on that Friday. As for tomorrow I’m thinking we retest the 400 level again then pullback down probably close the day red and flat so make sure you are buying puts or calls on pullbacks not breakouts use the fibs and 30 minute high low also the previous days high low for gauging where we’re at in the market. There’s so much to keep in eye on like the DXY US dollar keeps going for 110 when that happens it’s over
As always trade what’s in front of you good luck
Let me know what you think below, sharing thoughts helps us all learn
