Interesting period coming up next week
Updated
For my own education only...no advice. Drop a like or a comment (I will not be offended ;-))
After the push higher we reached a clear resistance (box and line).
50% retracements brings us to a clear S/R area. That's where I expect new decision...further down to lower trendline (long term diagonal), or a push to the higer trendline making new highs.
Small risk with nice potential...but be aware of a gap up at opening of the futures (taking stops).
This all becomes invalid if price closes above previous high coming days. In that case I expect a push up to new ATH.
Enjoy your week.
After the push higher we reached a clear resistance (box and line).
50% retracements brings us to a clear S/R area. That's where I expect new decision...further down to lower trendline (long term diagonal), or a push to the higer trendline making new highs.
Small risk with nice potential...but be aware of a gap up at opening of the futures (taking stops).
This all becomes invalid if price closes above previous high coming days. In that case I expect a push up to new ATH.
Enjoy your week.
Note
I was thinking of a TP just above 50% retracement so the markers are at around 40%.... will review mY markups and adjust in following ideas 💡Trade closed: stop reached
Stopped out quickly...lets see what happens
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