Trend reversal or pull back or no idea

Market Direction - What's your take ?

  • Trend Reversal - Major correction incoming

    Votes: 5 15.2%
  • Healthy pullback - New highs coming soon

    Votes: 19 57.6%
  • I have no idea

    Votes: 9 27.3%

  • Total voters
    33
Quote from FreakofNature:

That 50 is now below price Tank, what's next? :D

I trade the short term and not particularly involved in long term analysis as I trade size and that requires severe risk management via stop placement.

As a trader I live in the 15/60min tf, with occasional quick studies of the daily. Not too worried about the long term direction, up down sideways, I trained myself properly to trade all market conditions. When you do that, you don't pay too much attention to the future but only the opening in relation to the recent past.
 
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