Good evening all,
Today: Again a good run on top making us achieve 1 target intraday and 3rd target on the weekly chart.
Tomorrow: Again, the market is at a critical reversal point but RSI has some headroom above. If the market reverses from here, we look at 2 important aspects, RSI breaking down on 60 and index below 36260. Below that, we again may even see a drop up to 36000 and lower.
For it to sustain the long run, we wait for 37160 to be breached for a potential target of 37500. Between 37150 and 36250.... take a nap or make a short straddle.
So;
Long side view:
Buy above 37160
Target 1 zone 37500 - 37580
TSL above this
Target 2 zone 37890 - 38000
(Long SL - 36860)
---------------
Short side view:
Sell below 36260
Target 1 zone 36000 - 35875
TSL below this
Target 2 zone 35560 - 35480
(Short SL - 36515)
*** 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.
Today: Again a good run on top making us achieve 1 target intraday and 3rd target on the weekly chart.
Tomorrow: Again, the market is at a critical reversal point but RSI has some headroom above. If the market reverses from here, we look at 2 important aspects, RSI breaking down on 60 and index below 36260. Below that, we again may even see a drop up to 36000 and lower.
For it to sustain the long run, we wait for 37160 to be breached for a potential target of 37500. Between 37150 and 36250.... take a nap or make a short straddle.
So;
Long side view:
Buy above 37160
Target 1 zone 37500 - 37580
TSL above this
Target 2 zone 37890 - 38000
(Long SL - 36860)
---------------
Short side view:
Sell below 36260
Target 1 zone 36000 - 35875
TSL below this
Target 2 zone 35560 - 35480
(Short SL - 36515)
*** 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.
Trade closed: target reached:
Long Target 1 achieved
