We had divergence between prices moving up and stochastics moving down, might be ready for another decent up move.
Looking at the 180 level for shorts seems like a good plan, 180 is double of the previous swing low, and it has confluence with fib extension 1.618 which is a bit higher...
So short-term long and then back to short for a possible longerterm trade.
Looking at the 180 level for shorts seems like a good plan, 180 is double of the previous swing low, and it has confluence with fib extension 1.618 which is a bit higher...
So short-term long and then back to short for a possible longerterm trade.
Note
At the target zone a little ahead of time. Short setups at market require stops to go at 186 or so (above the blue box), be aware though that the 200 round number might be the preferred target for many who bought around the 100 level...
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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.