Judging by the candle structure, the move higher (from the "gap" close) on 11-October has been rather choppy, with the 50-day MA now acting a resistance level and starting to roll over.
I am looking for a break of the upward trend line to take the price back to it's 200dma which is €12 lower at €195.
Trade levels:
Short/Sell current levels at €206.40
SL: €210
TP: €196
I am looking for a break of the upward trend line to take the price back to it's 200dma which is €12 lower at €195.
Trade levels:
Short/Sell current levels at €206.40
SL: €210
TP: €196
Note
We got to within 20c of our target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.