There is a Bear Gartley working on a HTF, so have to consider this as a counter trend idea (gulp...usually doesn't turn out well when I state this in my notes).
However, price has been very directional since the breakdown at the resistance trendline and therefore, a retrace is due, imo.
RSI, the best indicator out there, bar none, imo is divergent with price and is now breaking to the upside.
A good long opportunity should soon present itself.
However, price has been very directional since the breakdown at the resistance trendline and therefore, a retrace is due, imo.
RSI, the best indicator out there, bar none, imo is divergent with price and is now breaking to the upside.
A good long opportunity should soon present itself.