We are slowly correcting down wards but with some resistance to it. Market feels it still wishes to battle, but now we got a kind of hammer formed... and further we are still overbought... and there is room for first decline to 124.67. I expect it to consolidate and trade up to 127.25 before down to 123.50. For monthly chart perspective we should see near 120.00.
For now strategy is for new comers SELL @ 128.17 and add SELL 129.57. For existing shorts only add @ 129.57.
Profit orders slight change:
30% @ 127.03
30% @ 125.87
Balance @ 123.67
We might re-sell again once trimmed... will update on that at the time.
For now strategy is for new comers SELL @ 128.17 and add SELL 129.57. For existing shorts only add @ 129.57.
Profit orders slight change:
30% @ 127.03
30% @ 125.87
Balance @ 123.67
We might re-sell again once trimmed... will update on that at the time.
Note
Take back 30% @ 127.15. Average now 126.97. Other orders unchanged.
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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.