“There is something to be learned from a rainstorm.
When meeting with a sudden shower, you try not to get wet and run quickly along the road.
But doing such things as passing under the eaves of houses, you still get wet.
When you are resolved from the beginning, you will not be perplexed, though you will still get the same soaking.
This understanding extends to everything.”
– Yamamoto Tsunetomo, Hagakure: The Book of the Samurai
Testing the Short Signal level once again but still within the chopshop zone and acting accordingly.
So long as the recent low holds we might expect to see some kind of grind away higher towards the descending resistance within the right-hand side of the small T structure.
Be prepared for whatever comes next:
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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.