Looking for a 50% retracement back to roughly the 19300 level. Will likely be a bumpy ride up, with the first test of resistance at 18300 (minor wave A), back down to the bottom of the gap at 16900 (minor wave B), and then back up to 19300 (minor wave C).
Expecting to reverse short once 19300 is reached, but will evaluate further if and when target is reached.
Expecting to reverse short once 19300 is reached, but will evaluate further if and when target is reached.
Trade closed: target reached
Wow, earlier than expected, but target reached. Closing this trade.
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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.