6E weekend study

The 6E was unable to hit the top of the range in the previous cycle (first white circle), and is struggling again (second white circle). If that is an indication that it is heading down remains to be seen. Note the large volume on our last downbar, perhaps a sign of large players having taken up short positions. Watch for clues on smaller timeframes as well as on the DX as we head into the mid-May action. Mindful trading!

6E R144 - 2017 05 13                                                                                                Risk Disclosure