DTR monthly chart….thoughts on TA.
Two green circles I have drawn show price pump higher, then distribution to close lower. Forming - Long red wicks on each candle. Corresponding period after each long wick candle shows pattern to include lower highs and lower lows. Bearish.
I generally don’t mind a descending triangle pattern, but must reach target edge first before another position technically - could be traded “safely”. That pattern edge is circa 7.8c. If gets there - I may consider trading again. I don’t have a position in DTR either way ATM.
Thoughts on FA for a moment also. I doubt with what is happening in the Middle East - that the US governments focus will be on funding anything at the moment. They are about to undertake a huge cost blowout if entertaining entering into this war with Israel. Huge….things will need to settle first before we see improvement across our markets.
IMO.
(20min delay)