Smaller Time Frame Bullish Fractal is forming that supports our larger bullish triangle fractal. The smaller time frame fractal suggests that 11,090 was our bottom and we will range between 11,200 and 11,500 for the next 3 days before we break out of the white diamond resistance line and make our way up towards the double top.
My entry for long 11,115 average; target 13,400 (albeit I will scalp between 11,200 and 11,500).
Stop loss as you see fit.
Note: I have more longs laddered in down to 10,800 just in case the fractal breaks and we go lower (which could very well happen for a nice test of the 55 EMA).
My entry for long 11,115 average; target 13,400 (albeit I will scalp between 11,200 and 11,500).
Stop loss as you see fit.
Note: I have more longs laddered in down to 10,800 just in case the fractal breaks and we go lower (which could very well happen for a nice test of the 55 EMA).
Note
As expected long zone was hit and I have picked up more longs at an average price of 11,230. Stop has been moved into profit at 11,300 and I will look to close around 11,450-11,500. I also have more buy orders set for 11,250 down to 11,150 as there is a good chance we will wick down again sometime soon. Related publications
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Related publications
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.