Structure of the market still holds, and yes I still think it's a buy in this area. If the structure breaks down, I will be a seller, but here I think it's a buy opportunity. There's a possibility we pump and dump through 3570, and if that's the case, I will turn more bearish, but as of now the chart and sentiment tells me to stay long with a stop under 3540. Good luck
Note
Red line is structure support line - market is definitely aware of it. Note
resistance area at 3655 bulls want to close above for an hourly candle. Note
Over resistance (for now), next resistance if the bulls can keep pushing is 3700 area. Note
they lost support, I took some profits and hedged the rest in case monday looks like this. I'm done for the day - have a good weekend. Note
We reached the 200 weekly ma yesterday. Expecting monday to gap down and then start to bounce.
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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.