Noncommercials have added to long positions 15k last week, they are 44.7k long and 53.2k short,
I expect retracement around the first warningline,
In ABCD formation ;
if ABC angle 0.681 then BCD angle is awaited to be 1.681
if ABC angle 0.707 then BCD angle is awaited to be 1.410.
I open trades with break and retest with limit orders.
Sometimes I can not catch the price, because it does not make retest,
but that way , in the long term I do not stay in front of the momentum
I expect retracement around the first warningline,
In ABCD formation ;
if ABC angle 0.681 then BCD angle is awaited to be 1.681
if ABC angle 0.707 then BCD angle is awaited to be 1.410.
I open trades with break and retest with limit orders.
Sometimes I can not catch the price, because it does not make retest,
but that way , in the long term I do not stay in front of the momentum
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countertrendline not broken