An inside bar today signifies profit taking from the previous movement.
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Looking for long opportunities since the long term trend is still upward.
If we see a false break down finishing in a nice pin tomorrow it will be a very strong long indication.
However if people treat this as an continuation bar tomorrow then we might see further movement down to the next support level taking the first steps toward setting a new trend.
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Looking for long opportunities since the long term trend is still upward.
If we see a false break down finishing in a nice pin tomorrow it will be a very strong long indication.
However if people treat this as an continuation bar tomorrow then we might see further movement down to the next support level taking the first steps toward setting a new trend.