Updated
STRAT short term
STRAT went PERFECTLY into the buyzone as predicted from prior chart and has broken the downtrend. It has established a pretty steep trend that is doubtful to hold. I would have taken the 100% profit if you bought in the buy zone and looking to support a bullish retracement on the 0.618 as shown. Will update as we go along.
Note
Possible target in the short term is 130-140k.Note
Trade negated. I would not rebuy until we see a top and get a retracement. Too many emotions in Strat, let the "investors" figure it out first and then we can step in.Note
Maybe not. Either way I would rebuy in original zone or I would 100% take profit if you havent already if you bought in the original buy zoneNote
Trade working out perfectly.Note
If 0.618 retrace doesnt hold, expect more bearish emotions/panic/frustration from this market.Note
Still would not buy this unless I knew I was buying fear and impatience. Do not support this above 65k.
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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.