Went underweight on Monday following the euphoria (extremely overbought on shorter time frames). Hoping for a pullback to the 6600 region where the price action gapped higher to start scaling back in - will also be a re-test of the breakout. However, there is a potential bull flag developing on the hourly chart (chart to follow). We currently in no-mans land as we await further developments.
Note
Move lower accelerating quickly. Gap closes officially at 6583.8Trade closed: target 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.