Ranging before the News

3월 12일

So we broke the down trend (the red line) then it tried to go up but the sell signal at the green line crossing is telling me we are going to range 74 - 79 today. Which is lower than the yesterday range (84 - 79).

All this makes me think the downtrend is real, but it is not as fast and steep as we would like it to be. This opens for lengthy short positions (maybe a week) in long term and easy buy scalps in the new daily range.