I am still holding a short position, but if it closes above 70,150, I will close the short and open a long position for 2 or 3 hours. Eventually, it will come down for sure. If you can take the risk, hold your short. The CME gap between 62,000 and 64,000 will sooner or later fill.
Comment:
I am going to sleep now. Let's hold the short position and refrain from opening any long positions for the time being.
Comment:
Add short positions at 70,489 and 70,689. Move your stop loss to 71,289.
Comment:
The target prices for this trade are as follows:
- 69,601
- 69,011
- 68,111
- 66,111
- 65,111
- 64,111
Stop loss (SL) at 71,251.
Currently, it's consolidating in a triangle pattern. I anticipate a significant move on Monday. For today, consider booking profits on the lower trendline and initiating short positions from the upper trendline or resistance levels indicated on the chart at 70,111 and 70,464.
- 69,601
- 69,011
- 68,111
- 66,111
- 65,111
- 64,111
Stop loss (SL) at 71,251.
Currently, it's consolidating in a triangle pattern. I anticipate a significant move on Monday. For today, consider booking profits on the lower trendline and initiating short positions from the upper trendline or resistance levels indicated on the chart at 70,111 and 70,464.
