Probable Net Trend for the Next Few Days
Dual Time Frame Momentum: With the (13) 60M DTosc bullish, the next (21) 15M DTosc bullish reversal should be followed by a rally lasting several trading hours.
Pattern: The rally off the July 7 low has more impulsive than corrective characteristics.
Price: A decline below the July 17 low at 126’11 signals a W.1 or A high should be complete.
Summary: With the (8) daily DTosc bearish, a high lasting several trading days should be near completion, if not complete July 17, very likely a W.1 or A high.
Notes Swing Trade Strategy
Short following a decline below the 127’00 minor swing low as long as the (13) 60M DTosc is not BearOS or bullish. If a short trade is triggered, exit strategies for a part of the short position should be considered if the July 18 low is taken out to secure profit.
To learn more about what is occurring in the markets, check out the Dynamic Trading Trade Alerts and Daily Reports.