1) $MINI has begun holding a very well defined consolidation pattern between what 2 validated trendlines representing support and resistance
2) MACD is also holding a channel similar to the price action
3) $MINI is appropriate to trade using a range bound strategy and as such shorting the top and reversing at the bottom of the channel is an appropriate strategy
4) The 100 and 200 day moving averages are closely entwined around one another and are both very flat indicating that the market is indeed range bound.
As always DYOR
2) MACD is also holding a channel similar to the price action
3) $MINI is appropriate to trade using a range bound strategy and as such shorting the top and reversing at the bottom of the channel is an appropriate strategy
4) The 100 and 200 day moving averages are closely entwined around one another and are both very flat indicating that the market is indeed range bound.
As always DYOR