As previously said, if ever price breaks back above 9200, I will turn bullish and here we are, now I am looking for a small retracement to 9100 area to enter a long trade.
Target potentials are 9600-9700 area or much higher above 10,000. For now the downmove has been negated. I do not know if this upmove is a continuation of a new bull market or just a double topping event, time will tell. But we are definitely going up for the next move.
Target potentials are 9600-9700 area or much higher above 10,000. For now the downmove has been negated. I do not know if this upmove is a continuation of a new bull market or just a double topping event, time will tell. But we are definitely going up for the next move.
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If price does not come to my entry price, I will not chase the market cos the short side would be a better trade. But this upmove has the potential to go above 10,000.
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I am not in the long position and I have decided not to be, because I am waiting for the downmove which is a bigger trade in my opinion. A break below 9000 would make me bearish now.
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Barely breaking, deciding point
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Price is actually turning down, a break above 9200-9300 will make it up.
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The bull run continues
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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.