Area to the far left is a price control area. Lots of buyers and sellers in that zone. If we approach from below it is likely to attract sellers. If we approach it from above, as we are now, it is likely to attract buyers. I think there is potential for us to bounce from where we are and head to 757 area and eventually to 778, or we could re-test 670 area which would eventually lead us all the way up to 778. Until we break below price control area my bias is bullish and I will continue to hold my long position.
Trade closed: target reached:
Blasted through targets. Still holding long.