It looks it is going up from here to breath A TH It meets ITC and SMT analysis
Based on ICT analysis and SMC SL AT 0.124 It ia on 4H D bullish FVG that moved the price to 5X in Nov
Do not miss this early entry chance with only 3% SL I see it has a good potential to go up Sell only 20% of your position at the coming 18-19k
RSI will be above 70 and the run will be to 2 easily
Zoom in and navigate my comments GOOD-Luck Follow me so I can do more analysis
For my Canadian follower, Sill your real estate and do not wait for the the 6 months deferral to end, Market will crush. Put your money into gold
2008 and 2011 RSI resistance line is not the confirmed support line for the up trend line. Nov 2019 was the test, the RSI could above 70 for almost 2 years like what happened between Sep 2009 and 2011. the price of the gold went up 104% during that time. Go gold go rich, Good-luck, follow me for more ideas
IF YOU ARE SHORT, EXIST NOW AND GO LONG
The second down trend wave is DUE and HERE. MA 200 and MA 25 showed gap bearish on Feb 25th 14th of April and 20th of April. Those are very significant gaps as they happened between MA 25 and MA 200. RSI showed resistance for Jan-April Support line as well as March-April lines. It is very hard to predict where to close your short position. but 48.55$ is a...
The answer is on my analysis. I am shorting the index.
It would be a complete gambling as in few hours OPEC is meeting
I do not have any position open, a friend of mine requested to give an analysis