The way Mr Market behaves can be predicted 80% of the time . Now if you check the 4hr chart i posted initially I told how the price will test the trend line. I also told you it was going to retrace to form hammer which he did at the time he formed the hammer if i was around i would have gone short and would have lost my money. So that tells you that sometimes the market can be irrational just like human beings. Come to think of it the so called Big Dogs are human are they not?
Now that the price has retested the trend line. What happens? We wait, although the price may likely break the T.L to move up more yet i advise you not to trade yet. Just wait. Though is yet to hit the trend line on daily T.F so i will continue long until the T.L is tested on the daily T.F. see the chart below.
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