I am anticipating a strong move through the August Monthly Open, with price sweeping the lows and targeting the 4H gap at 23,303.50. Once that level is tagged, I’ll be watching for signs of a reversal, ideally an inverse head and shoulders formation to shift bias back to the upside.
My target: a clean push toward the NDOG zone at 23,478.00
My target: a clean push toward the NDOG zone at 23,478.00
Trade closed: target reached
The inverse head and shoulders I was looking for failed to complete, which lead to this setup to where I anticipated price would fill. It ended up RIPPING through that gap. I wish I had held, but solid trade nonetheless. So far no signs of reversals, so this idea is scrapped
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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.