In my past few ideas, I said if we lose 56.3k it would be pretty bearish
I also gave you the monthly level which we rejected 3 times giving you nice short opportunities.
Today when we lost the range we recognised a lot of people were longing and the higher probability was to go lower.
We dipped to the weekly level that we have been looking at for quite a while now and bounced 5% in a couple of minutes.
Now, if you missed trades, as I always say just learn from them and move on.
Trades to look for now in my opinion :
If we reclaim the daily at 56.3k and flip it as support, look for longs. If you longed the weekly, it could be a good place to add to your position.
For the shorts : no shorts to be had of course, as you know long support short resistance, the only shorts to be had were at the monthly in my opinion.
I'll update you as always of course.
As we are going into the weekend, I don't expect much volatility.
For next week, you know the levels. Plan your trades and leave your ego and emotions at the door.
Any questions?
Good luck traders
Remember not to break your rules
Habib
I also gave you the monthly level which we rejected 3 times giving you nice short opportunities.
Today when we lost the range we recognised a lot of people were longing and the higher probability was to go lower.
We dipped to the weekly level that we have been looking at for quite a while now and bounced 5% in a couple of minutes.
Now, if you missed trades, as I always say just learn from them and move on.
Trades to look for now in my opinion :
If we reclaim the daily at 56.3k and flip it as support, look for longs. If you longed the weekly, it could be a good place to add to your position.
For the shorts : no shorts to be had of course, as you know long support short resistance, the only shorts to be had were at the monthly in my opinion.
I'll update you as always of course.
As we are going into the weekend, I don't expect much volatility.
For next week, you know the levels. Plan your trades and leave your ego and emotions at the door.
Any questions?
Good luck traders
Remember not to break your rules
Habib
