Trader Chatter:

Looks like a break in the resistance point or maybe not; if not it's possible to go lower. In this case look for a possible decline to the downside or we may see a reversal causing a swing to the upside.

Then look for a head & shoulders pattern forming or perhaps a candle. This could indicate a move to the downside, but if the wind is blowing north to east we may see an upside move. In the latter case, watch for the flag because this may lean toward the direction we are going or perchance this may cause some kind of uncertainty.


Key Trader Vocabulary to Know: Maybe, perhaps, if, possibly, may see, uncertainty, it might, could, might be, looks like, perchance, it’s possible.