Based on prior patterns, I believe we are entering a pivotal point. Even if we breakout upwards past the line, we will be testing the previous lower trend line and eventually the upper trend line, which I am calling the "Battleground" since two opposing forces will be heavily concentrated. Therefore, I feel going up will meet much resistance and shorting is a safer bet until there is a clear winner.
I prefer not state that I am either long or short as I prefer to trade the waves; whether be it up or down.
I prefer not state that I am either long or short as I prefer to trade the waves; whether be it up or down.