The Natural Cycle has arrived. I was thinking price was going to drop down into it, but the opposite happened and price has peaked at the arrival.The safe method of trading a cycle event is to find confluence with other indications. Also, wait until the top or bottom has proved itself to be a top or bottom, ie wait for a pullback or wait a couple of days to see if a change in direction is in place.
I have a few other indications that this recent peak is a top and I have some sell stops waiting to trigger. But as always I start small so in case I'm wrong the loss is small.
No comments:
Post a Comment