Bullish outlook
We'll exercise patience as we wait for the price to reach the .618 Fibonacci level at 2161. Once this level is attained, we'll proceed to place a buy side order, with a stop loss set at 2158, aligning with our bullish perspective. This strategy allows us to capitalize on upward market momentum while implementing risk management measures to safeguard our position. With a clear bullish outlook and strategic execution, we aim to capitalize on favorable market movements and optimize our trading performance.
Trade closed: stop reached
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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.