If we manage to see a break of the small ascending trend line, I will class the small break to the upside from the resistance level as an SL hunt to gather liquidity before a potential strong bearish move to the downside. If we see the break, I will be waiting for a re-test of the trend line or structure followed by rejections before placing my sell position.
Only time will tell!
COT Data - 52% Short
Only time will tell!
COT Data - 52% Short
