ADAUSD: Sideways at Worst; Upward at Best Next 5-Days
Hi Everyone! simply wanted to point out our upward pressure for the Mid to Long Term looks outstanding. We are still experiencing upward pressure for the Near Term GROUP of time frames as well. However, I must remind you... It's NOT guaranteed the price action must go up "significantly" during a period of upward pressure. It's POSSIBLE for the price action to remain sideways within a trading range during a period of upward pressure; followed by a shakeout (bear trap) before reversing back to upward pressure rather quickly that we see in the 12-Day time frame. So yes, we can expect to see a "setback" or two on the way up to a potential ATH in mid to late March, 2021. If you are a Mid Term Group Swing Trader, I recommend holding the line until we see evidence of a potential swing in the higher time frames in the Mid Term Group of Time Frames. We will address this once it appears we are nearing this moment in time.
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
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