The market always carries away, and this one is by means an exception. We are trading way beyond the KC top 21,800 and away from mid-range 20,800 area. The RSI is overbought and extreme.
I have no changes in view, and overtime see potential returning back towards 20,800.
Strategy SELL @ 22,350-22,650 and take profit near 21,117 for now.
I have no changes in view, and overtime see potential returning back towards 20,800.
Strategy SELL @ 22,350-22,650 and take profit near 21,117 for now.
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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.