Short term long bias
Confluence: Area of support and resistance, big money dealing range, early stage of bulls in control.
Buy : 3.35 level
Confluence: Area of support and resistance, big money dealing range, early stage of bulls in control.
Buy : 3.35 level
Note
Dec 30th, break and close above the 3.35 level. I view this as break in market structure.Note
I suspect price will run lower into 3.35 area and/or lower to fill gap at 2.56 level run stops on weak longs and probable big money will reload position to run higher to run stops on sitting ducks ( shorts protective stops)." shorts trapped"
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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.