We have moved a little below 127.00 and I took back yesterday 30% of position @ 127.15. The average now being 126.97.
The strategy for now is to re-sell again @ 128.17 when seen.
The market is still very overbought and is in a correction mode.
For new positions (its medium-term view) sell @ 127.80-128.00 when seen, unless you feel more aggressive you start SELL @ 127.50-127.70 and add as well @ 128.17.
The take back is now:
30% @ 125.78
Balance @ 123.17 for now.
The strategy for now is to re-sell again @ 128.17 when seen.
The market is still very overbought and is in a correction mode.
For new positions (its medium-term view) sell @ 127.80-128.00 when seen, unless you feel more aggressive you start SELL @ 127.50-127.70 and add as well @ 128.17.
The take back is now:
30% @ 125.78
Balance @ 123.17 for now.
Note
Re-sell 15% @ 127.85 and will sell further 128.57. Average now 127.12
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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.