The waited break of the price will be very probably at the begging of December.
Technically, there are more probabilities of a bearish trend; adding the fundamentals, there are similar probabilities.
In the short term is better to be prepared to both bullish or bearish scenarios.
Strategy
Sell Stop: 5 200
Stop Loss: 6 200 (<=1.5% loss)
Take Profit: 2 200
Horizon: 2-3 months
Buy Stop: 8 000
Stop Loss: 6 200 (<=1.5% loss)
Take Profit: No
Horizon: Long-term
Technically, there are more probabilities of a bearish trend; adding the fundamentals, there are similar probabilities.
In the short term is better to be prepared to both bullish or bearish scenarios.
Strategy
Sell Stop: 5 200
Stop Loss: 6 200 (<=1.5% loss)
Take Profit: 2 200
Horizon: 2-3 months
Buy Stop: 8 000
Stop Loss: 6 200 (<=1.5% loss)
Take Profit: No
Horizon: Long-term
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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.
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.