Yesterday I called for $7,735 - $7,750 as the area of support, where shorts would be covering and dead cats would be bouncing. The bounce did not get up to the previous support of $8,500 before resisting. I am entered on a short position and the target is $6,750. That is where we will re test the trend support off the longer term bull trend (green line). Stop loss for short is set at $8,505.
Happy trading!
Happy trading!
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emasar Indicator is available for purchase at alphanalysis.io/product/emasar/
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.