The Daily shows the risk of sitting in a long trade trade for too long rigth now.
We still have more upside to take with just one leg up so far. But we are approaching a tougher supply zone.
Further more, the Daily stills shows LHs and LLs. The ongoing leg up is only the pullback on leg 2 from the top with leg 3 yet to be finnished in due course - so one better be careful still.
Shorter TFs still has fuel for Bulls but not for me. I will be at the sideline and waiting a bit.
We still have more upside to take with just one leg up so far. But we are approaching a tougher supply zone.
Further more, the Daily stills shows LHs and LLs. The ongoing leg up is only the pullback on leg 2 from the top with leg 3 yet to be finnished in due course - so one better be careful still.
Shorter TFs still has fuel for Bulls but not for me. I will be at the sideline and waiting a bit.
