if channel trendline hold look for short

2 Jul 2017

there is long term trendline coming down . for a new bull market we have to break that trendline and stay above it. well that can take some time. the first obstacle is the small wedge in which we are moving. the market is going to test the upper trendline of the wedge. if it break the wedge to upside right nest is the downward trendline . breaking both does need some very strong move.
right know i will look for a small sell upto the lower trendline wedge if market fail to break the wedge . if market break the wedge then i will see what price action tells me near the trendline. hopefully we can get a one more sell before we will finally break the trendline.
good luck traders

9 Jul 2017

Nota

as i had mentioned in the idea i was waiting for a short at the upper trendline . bur market retraces withought going there. know let's see if market have a support to go long