700-690 area is a buy zone. A fall below this area would signal a larger pullback. This buy zone has targets in the 765 area. Possible we will test the 800 area. Will just have to wait and see. Longer term view is that we will break to new highs. Especially if global macro trends continue to weaken.
Trade active
So far we have a long tail that has pierced below my buying area. I will wait to to see if we close below the buy area or or get another bar that pierces the zone to confirm bearishness. Holding my Long outlook for now but cautiously.
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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.