Though im just a simple price action trader and lack the smarts many have here, im bullish. Seems we have broken up out of the 'box' and would be bullish if we retested the break out and continued up to infinity and beyond from there .We sure have alot of 'space' to run with my next trouble area in the high 5600's.
Far too many news articles/posts calls of a bubble, imminent crash etc to be a major top. Till price action confirms or at the very least previous swing lows get taken out then i gotta just roll with it.
Anyone seen the chart of cattle? Can totally see how those ppl (Peter Brandt etc) who make minimal trades every year and kill it. Nothing tricky, a classic breakout, retest and blast off. Something to ponder anyway.
Safe trading all
Peace
Karl
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Though im just a simple price action trader and lack the smarts...
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