Yesterday provided the perfect top and continued rotation down from the 5-day 50% levels.
Traders should use these same levels for Risk on Friday…..
Don’t short above them, and expectation is that Friday will move down, but probably consolidate and trade in a choppy pattern due to price trading back inside the pivots (yellow), whereas yesterday they were trading below them..
Don’t short above them, and expectation is that Friday will move down, but probably consolidate and trade in a choppy pattern due to price trading back inside the pivots (yellow), whereas yesterday they were trading below them..
No major set-up for Friday's trading....