The market soared quickly in the past year, and will it go further?Maybe not.
Bearish AB=CD is completing at about 27830 level and the 2.236REXT of B-C is at 28046 level.
Meanwhile the 1.618EXT of A-B is at 28349 level.
What's more, the 27780-28622 zone is previous structure and the historical high point.
So strong resistance will be faced in this zone,it is good to sell at 27780-28622 levels when price enters again and gives signals.
SL: above 28600
TP1: 25650
TP2: 24270
TP3: 22000 and further more
Bearish AB=CD is completing at about 27830 level and the 2.236REXT of B-C is at 28046 level.
Meanwhile the 1.618EXT of A-B is at 28349 level.
What's more, the 27780-28622 zone is previous structure and the historical high point.
So strong resistance will be faced in this zone,it is good to sell at 27780-28622 levels when price enters again and gives signals.
SL: above 28600
TP1: 25650
TP2: 24270
TP3: 22000 and further more
Trade active
The price is still struggling in the PRZ but not breachs it. Now just hold your positions if you have bought them. Or else wait and see.
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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.
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.