Although price reacted with precision to our support level at 4173 it didnt follow the projected breakout. That means I have no reliable pattern for tomorrow. Happens from time to time. Having said that we are still above bullish key level at 4130, and long positions from our 4116 should feel safe. That means im still slightly more bullish for tomorrow and I can try low probability entry in 75-80 area with lighter size and stop below yesterday`s low.
As you know I tend not to mix strategies but we have a unique situation with 4194 level which already served as a responsive resistance, which has high potential to be a major top, so I would be eager to put any profits from profile trade to break even sl if market hits 94 again.
Momo Trend: short.
MomoDot: red dot – still no target hit.
HF/Master perspective: master index still shows short while hfpi made some room for even more bullish pressure.
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