We are very overextended on the higher timeframe, and I am looking for a relief of that previous upward move. I was closely watching at those wicks this morning, but it was too aggressive for me because we could have easily break up and continue the bullish trend.
However, I waited and the market went lower, confirming the importance of that level, and gave a 2618 on the lower timeframe. The targets are based on the higher timeframe analysis.
However, I waited and the market went lower, confirming the importance of that level, and gave a 2618 on the lower timeframe. The targets are based on the higher timeframe analysis.
Trade active
Trade closed: stop reached
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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.