Boring Sideways Trading Leads to Bounce!
Updated
People get bored of sideways trading! It drops and bounces, buy and sell idea based on harmonics and support. Sell target from 1 to 3 days out.
Note
Sell target adjusted down slightly to account for a little too much overselling as shown by RSI. (From 8892 to 8698)Note
As of 2 hours ago we are out of the buy zone. Stops set at bottom of buy zone and following the price up. Trade should be profitable at this point.Note
Approaching sell target about 1/4 of the way through the sell window, still up to 36 hours for this trade to complete.Trade closed: stop reached
Trades stopped out around 8400, 7% profit! Profit target as 9% to 10%.Note
If you stayed in this trade, the wick hit the bottom of the adjusted sell zone 6 hours ago for target profit 1 additional day than predicted.
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