Sive Morten
Special Consultant to the FPA
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Good morning,
market confirms that this is just a retracement by choppy price action. If you trade it on long side - use trailing stop, since such kind of moves usually stop unexpectedly and fast.
Still, there are some signs that market could proceed a bit higher:
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
market confirms that this is just a retracement by choppy price action. If you trade it on long side - use trailing stop, since such kind of moves usually stop unexpectedly and fast.
Still, there are some signs that market could proceed a bit higher:
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
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