WAIT FOR THE MARKET TO COME TO YOU
As Institutions opened 7K short and only 1K long, it is wise of us to be very observant and wait to see what the market is intended on doing. It will be best for us to wait for the price to hit the major trendline before trying to make buys. Any attempt to buy at this point will be very risky, cause we might be longing in the middle of no where and to, we are in the bearish trend as of the moment.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.