In the chart i m showing the possible price movement i m tracing , i see a move to the area around 8460-80 then a potential resistance there which might push the price lower a bit to the potential rebound area 8385-8430 then a move up that has a wide range that i cant pinpoint accuratly right now ,, the upside resistance area i m seeing for now is starting 8500 to 8650 ,, the waves development will be my guidance to trace an end to this correction and a close follow to the equity market as well.
i didnt wanna wait and seek a good short position like last time i shown on a chart an up movement and didnt trade it and tried to trade the other way around with a short that didnt end up well
i m taking my chances on that long and if u r in with me on that one ,, stay alerted to my blog for fast position adjustment that i might do.
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