Good evening all,
Friday: It was equally bad as Thursday. Stuck within a range of 375 points on a 14 day ATR is of 550. Something should give this week.
Tomorrow: Dynamic support trend line being respected is a good sign for the index move up. Again, ONLY if 38100 is breached. We will this time enter at 38120 to see 38265 and then a 100 - 300 point move. The same trend line also provides us with an opportunity to go south. From 37680 to all the way 37000.
So;
Long side view:
Buy above 38120
Long Target 1 - 38260
TSL above this
Target 2 - 38375
Target 3 - 38570
(Long SL - 37950)
---------------
Short side view:
Sell below 37680
Short Target 1 zone 37450 - 37315
TSL below this
Target 2 - 38200
(Short SL - 37850)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Friday: It was equally bad as Thursday. Stuck within a range of 375 points on a 14 day ATR is of 550. Something should give this week.
Tomorrow: Dynamic support trend line being respected is a good sign for the index move up. Again, ONLY if 38100 is breached. We will this time enter at 38120 to see 38265 and then a 100 - 300 point move. The same trend line also provides us with an opportunity to go south. From 37680 to all the way 37000.
So;
Long side view:
Buy above 38120
Long Target 1 - 38260
TSL above this
Target 2 - 38375
Target 3 - 38570
(Long SL - 37950)
---------------
Short side view:
Sell below 37680
Short Target 1 zone 37450 - 37315
TSL below this
Target 2 - 38200
(Short SL - 37850)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Note
Long Target 1 achievedNote
Long Target 2 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.