*IF* general 3900 FIB support area holds a bounce to the area right above 4000 would likely follow within *few days*.
Losing such FIB area would imply chances of visiting support close to 3800 mark, hence a stop is mandatory.
4H suggests a bounce may be *attempted* today, eventually.
If so handle it with some grain of salt and look at volume, as RSI is not yet oversold on D.
Opportunistic and highly speculative hyphotesis, DYOR and mind the risk.
Losing such FIB area would imply chances of visiting support close to 3800 mark, hence a stop is mandatory.
4H suggests a bounce may be *attempted* today, eventually.
If so handle it with some grain of salt and look at volume, as RSI is not yet oversold on D.
Opportunistic and highly speculative hyphotesis, DYOR and mind the risk.
Note
The cat is in the box, unsurprisingly.It has margin.
Trade closed: target reached
Closing as -technically- the minimum target has been hit already.It was a pretty quick scalp and you may ride it further, if you wish.
Remember it's up to you to manage your gains.
Note
as you know i seldom post trades on "traditional" markets / indexes.If you 're interesed in seeng more please like / boost, so that i know what my followed are interested in.
Note
Breakout of the broadening wedge achieved.
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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.
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.