NAZ has been in a Box since 4/9. The 300 point range is highlighted, 13600 is a likely short target should we break below box. The box shows 4 attempts at upper and 3 at lower, Monday we may see move lower & bounce to upper or lower break to new low. The idea of a lower move and half bounce (head fake) reversal to lower and new lows would be in line with recent intraday price action.
Comentário:
Below, I have found that the TL cross (X's) tend to be reliable Targets and turning points. Lets see which direction we start out with on Sunday.
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PB Support at 13860, 1st Long Target 13950
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Look to the Long side today, new month and a Monday. Usually bullish bias.
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NAZ has good support here to go higher, should upper range of 13980 90 fail, look for drop back down.
Trade ativo:
PB Support level held, Long to 1st Target.
Trade ativo:
13860 has been tested twice, Long is direction until break lower.
Trade ativo:
PB Support at 13915, 1st Target Hit Close at 13950 for now. Long Trade 13860 - 13950
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Resistance at 13960 80 continues to stop the climb. Long Above and Short below.
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13880 is New PB Support, Long is direction.
Trade ativo:
Good Place for Long back to Mid or Top 13830, Take if aggressive.
Trade ativo:
10YN dropped and created move on NAZ, Long after shock may work out, watch 10YN.
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My Head Fake open comment is playing out, should see move back to 13880 should the decline slow.
Comentário:
13830 & 13880 are Long Targets should you be taking counter trend.
Trade fechado manualmente:
On Counter, NAZ got to 13820 and dropped.