We are very oversold, and I understand the underlying reasons.
However, the liquidation of longs has been overdone, and short positions were added as well. This situation cannot last and requires correction.
Strategy is BUY current $ 195-200 and take profit @ 265. I do not see the ened for a top-loss (but one should depending to your personal situation of course). I would add BUY @ 175 below.
However, the liquidation of longs has been overdone, and short positions were added as well. This situation cannot last and requires correction.
Strategy is BUY current $ 195-200 and take profit @ 265. I do not see the ened for a top-loss (but one should depending to your personal situation of course). I would add BUY @ 175 below.
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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.