For the past week it's been about one level: 5519…which paid out over 150 points so far in total. Last night, we tested it for 16th time, bounced 8 points right up to 5527 target, then lost it. Currently attempting to hold a major support. As of now: 5503-06 is all a major support with 5519 the obvious backtest area. Buyers must reclaim it to put in a bottom. 5503 fails, dip to 5492-24ish
Trade closed: target reached
Excellent follow through from buyers this morning. 5503-06 was support as mentioned, with 5519 being the backtest area.. i mentioned that needed to reclaim to put in a bottom and resume up…We hit 5519. 5527 was next up, just hit as well. Lock in more gains if long, leave risk free runner, call it a day. 5541, 5560 next if buyers want it. Dip again if 5519 fails Disclaimer
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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.