The outlook for today is still bearish unless we break and close above 67513.8 on the 1h time frame. The SR's I've pointed out yesterday are still valid, so if you want to build your long position with DCAs or take a short scalp, you have options.
Trade safely.
PA touched the trend line that I've been anticipating for the past few days and now showing a nice reaction. This could potentially be the beginning of the retrace on the daily TF that I've been waiting for. There is also the possibility of a minor retrace then continue momentum upwards, if that happens, I'll jump into market longs at semi-large positions....
Now that we have broken out of the trend line, I've listed a few key TP level of potential reverse. On the 1D we haven't really had a health retrace since 8 days ago. I'm thinking that today being Friday, something might happen. I wouldn't be hoping that it breaks another BOS so I am more biased towards hitting a certain liquidity pocket and start retracing. That...
While internally we are printing bear trends, I think we might be accumulating for further upward momentum. The potential "long" levels I gave earlier were if bearish scenarios (66449.9 : 65415.9 : 64125.9 : 63178.8) if you plan on start building a position towards the next bull run, however, if this was an accumulation for the bullish breakout, here is how you...
