Quick recap and I am off to bed for a bit. In the big picture, price is sat under D9 trying to decide whether to go up or fall back. My reasoning for falling back is in the weekend report, although I put a diagonal up the face of D9, an equal probability.
D1 failed this afternoon and after much testing. However, I mentioned yesterday that if D2 held lower down, it will fail later and this looks on. Unfortunately, by doing this, it has created the D1/D4 trough to bounce out of, if it so wished. If it did so, we would have a triangle building. We shall see. I am short into that trough regardless. Can only take what the market gives and today for me, not a lot as I refuse to go long until D9 taken out and holds.
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