We are likely going a little higher $ 123-125 and perhaps a little more.
The strategy is then to SELL @ 124-126 for now. We may ADD further around $ 131.50 if seen. It feels we may test highs, but from strategic point of view we are overbought, and especially monthly is becoming a bit on the severe side, and followed by weekly, we may have a chance to BUY back around $ 114.00 again for the near term.
Strategy SELL $ 124.50 and again 131.50. Take profit @ 115.25 for now.
The strategy is then to SELL @ 124-126 for now. We may ADD further around $ 131.50 if seen. It feels we may test highs, but from strategic point of view we are overbought, and especially monthly is becoming a bit on the severe side, and followed by weekly, we may have a chance to BUY back around $ 114.00 again for the near term.
Strategy SELL $ 124.50 and again 131.50. Take profit @ 115.25 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.