PRE open range run short to long
reversal back into the ranges for a Long to short run
PA staying in a range but shows weakness at the EMA and middle range.
US opens, market enters a sell off with another EMA failure
PA and EMA head lower into the Lower Trading Range ( area below 1357.75)
Back to the 1348 long area from previous bull break out
PA selling extension/exhausting pattern at B22 area
Shorts exit zone as PA hits the EMA/BO10 area
Bull TL develops. HL and TL buy signal at B43 area
Exits at the SB for a complete reversal.
Yes PA went higher. Set a target. If it hits, exit. A good trade beats the risk associated with greed any day.
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