Trading philosophy: Don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse.
4H chart should confirm that the bullish retrace had turned bearish in the direction of master trend.
4H chart should confirm that the bearish retrace had turned bullish in the direction of the master trend.
These are the opinions of a 20-year private trader in the legal profession as well as a businessman diversified in the tech and hospitality industries.