The slowness of move suggest that we are in a more balanced environment. The BULLS and BEARS are exchanging positions only.
This suggests that we may have difficulty moving beyond 14.25 for now, and I feel that SELL strategy makes sense looking at the GANN angle resistance and the room we have to move lower.
Strategy sell current 13.25-13.75 and place stop-loss above 14.25 (keep some room) and ensure small position sizes only. Profit order to be placed 10.50-11.00 once again.
For LONG TERM players no stop and add on highr levels, but profit level at 9.46 for now.
This suggests that we may have difficulty moving beyond 14.25 for now, and I feel that SELL strategy makes sense looking at the GANN angle resistance and the room we have to move lower.
Strategy sell current 13.25-13.75 and place stop-loss above 14.25 (keep some room) and ensure small position sizes only. Profit order to be placed 10.50-11.00 once again.
For LONG TERM players no stop and add on highr levels, but profit level at 9.46 for now.
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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.