PRICE HAS BEEN IN CONTRACTION PHASE FOR ABOUT A MONTH EVER SINCE THAT BIG DOLLAR MOVE ITS ALWAYS A BIT RISKY WHEN TRADING RANGES BUT WE ARE CURRENTLY APPROACHING SUPPORT OF A TRIANGLE FORMATION COULD BE A GOOD AREA TO LOOK FOR PRICE ACTION TO DICTATE NEXT SHORT TERM MOVE IF SUPPORT HOLDS WE CAN SET TARGETS AT PREVIOUS HIGHS OR TOP SLOPE RESISTANCE IF SUPPORT BREAKS WE SHOULD BE SEEING MOVEMENT TO THE BOTTOM OF RANGE WE'VE BEEN IN SINCE APRIL
REMEMBER TO ALWAYS USE PROPER RISK & MONEY MANAGEMENT WHEN PLACING ANY TRADE
Nota
First Target hit zone was respected and took off to the upside
Nota
WE HAVE CAME BACK TO THE ZONE AND MUCH DEEPER IN IT I EXPECT A MUCH MORE CONCRETE SET OF DIRECTION FROM THIS AREA WE HAVE ALSO BROKEN UP TREND SUPPORT COULD POTENTIALLY SEE RETEST OF 23.800 AREA AT WHICH POINT 23.000 BECOMES NEXT MAJOR LEVEL OF SUPPORT
Nota
CURRENTLY AT THAT 23.000 SUPPORT AREA I MENTIONED PREVIOUSLY IF WE CANT HOLD HERE AND SEE A BOUNCE THEN MUCH FUTHER DOWNSIDE IS EXPECTED
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.