⭐ Merited by Wind_FURY (1)
The CPI results are out and it's not too shabby. It's come in at 4.9% instead of the 5.0% that was expected. The core readings stayed put where they were predicted to be, so that's pretty much on par with what everyone was thinking.
But what does that mean for us? Well, the price is currently hovering around the first resistance level, so it's not really time to jump in just yet. We don't wanna risk getting burned, especially when we're still waiting to see how things will develop.
That being said, my prediction of an uptrend formation is still looking pretty good. I need more confirmations on the short term charts, and then start looking for some long setups. If we can develop a good uptrend here, then we definitely wanna ride that wave and make some gains.
But what does that mean for us? Well, the price is currently hovering around the first resistance level, so it's not really time to jump in just yet. We don't wanna risk getting burned, especially when we're still waiting to see how things will develop.
That being said, my prediction of an uptrend formation is still looking pretty good. I need more confirmations on the short term charts, and then start looking for some long setups. If we can develop a good uptrend here, then we definitely wanna ride that wave and make some gains.