Not much to say as the market settles into trading around the hourly 20 EMA prior to the FOMC statement. So far, the drop down from the last swing high only has a three wave look on lower time frame charts making it either a wave (III) of a developing five waves down for [I], or was just part of a corrective process which could be labeled [IV] in the move up from the mid-March low. Be careful and flexible. Lowering size is a good idea if you elect to trade in the afternoon today. There should be more clarity later in the week.
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