I'm currently torn between whether we are:
1) about to complete a minor retrace and thus bounce off of $246 region
or
2) in a corrective move that based on the first wave down from $300 takes us down to $200/$210
If its $246 then I'm confident of a break of the red long term downtrend...followed by an explosive break upwards...not to be missed.
If it's 2 then maybe we still achieve the breakout.
I think I'm going to have to trade both unless anyone can persuade/dissuade me?
Thanks a lot
1) about to complete a minor retrace and thus bounce off of $246 region
or
2) in a corrective move that based on the first wave down from $300 takes us down to $200/$210
If its $246 then I'm confident of a break of the red long term downtrend...followed by an explosive break upwards...not to be missed.
If it's 2 then maybe we still achieve the breakout.
I think I'm going to have to trade both unless anyone can persuade/dissuade me?
Thanks a lot