📉📈 Market Update – Consolidation Before CPI Storm ⚠️
Today, the market is consolidating within a key support and resistance zone. No major moves are expected until the CPI release, which is anticipated to act as a major catalyst.
🚀 CPI data could ignite a breakout in either direction – a strong rally to the upside or a sharp decline.
📊 Our Plan:
🔹 Break above resistance → We look for buying opportunities.
🔹 Break below support → We prepare to sell or short the market.
🎯 Until then, we remain patient and disciplined, waiting for a confirmed breakout. No need to jump the gun – let the market come to you.
💡 Trading Tip of the Day:
“Trade the breakout, not the forecast.” Avoid predicting the direction. Instead, react to price action with a solid risk management plan. 🧠💼
Today, the market is consolidating within a key support and resistance zone. No major moves are expected until the CPI release, which is anticipated to act as a major catalyst.
🚀 CPI data could ignite a breakout in either direction – a strong rally to the upside or a sharp decline.
📊 Our Plan:
🔹 Break above resistance → We look for buying opportunities.
🔹 Break below support → We prepare to sell or short the market.
🎯 Until then, we remain patient and disciplined, waiting for a confirmed breakout. No need to jump the gun – let the market come to you.
💡 Trading Tip of the Day:
“Trade the breakout, not the forecast.” Avoid predicting the direction. Instead, react to price action with a solid risk management plan. 🧠💼
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.