Back to Long after struggle to break out
Updated
So finally we had our bottom tested and cemented it seems. At least at a high probability. I timed a great spot for my long position at €225.51. As I'm writing my position is up 4.72%, and I feel very confident that we have cemented a solid support after couple of days of the Ol' Bear .
My personal guess is that we keep going upwards until we meet some resistance at about €240. But I would actually go so far that I think we will pass that and hit our heads at around €265-€270 and have a slight correction down to €240, which in turn will be the new solid support.
Any thoughts?
My personal guess is that we keep going upwards until we meet some resistance at about €240. But I would actually go so far that I think we will pass that and hit our heads at around €265-€270 and have a slight correction down to €240, which in turn will be the new solid support.
Any thoughts?
Note
We are now testing the new support @ €240 as I previously mentioned. If it can hold for a "double dip" then I will make sure to place a long position and set a limit sell at €260.
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.