We have flipped a key resistance level.
Long and strong now!
Patience pays
Long and strong now!
Patience pays
Note
Horrible weekly close with a a bearish engulfing bar. High timeframes looks like we might still see price retracing towards $200's.
Short term there's a huge fair value gap left toward $230's which its likely to get filled before further downside. We'll monitor price action on Monday's open and re asses if its worth leaving the trade run with tight stop and target break even ish or simply taking the L... Leaning more towards the first option but we'll see
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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.