Parabolic moves up don't end well.
Trade active
Resistance at $224 has been rejected and we broke below $217 price level. If we are not gapping up tomorrow, I expect this to continue to descend to close the 180 gap by the end of the week. Can be a turbulent flight.Note
I would also take out profits at around $200, because it will be hard to break that psychological resistance.Trade closed: target reached
Took profits at $200 support.
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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.