The markets have been in a steady pullback over the last few days, which has brought us back to support levels. Today’s candle could be the beginning of a higher pivot low formation in the markets. If these support levels hold, then we should see some decent bullish opportunities moving forward.
Make sure that the lower pivot has formed before moving into aggressive bullish trades. Until the next bullish move is confirmed, continue to take advantage of horizontals and diagonals. Staying adjustable makes it easier to increase our bullish exposure if the markets decide to continue higher from here.
Stay patient in your trades – corrective market action can create unfavorable movement in both bullish and bearish positions at the same time. Keep in mind that we are trading the overall trend and not just a move.
Have a great night,
Maverick Trading
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