I know everyone is bullish on aluminum, but I’m bearish and targeting around $25. Why?
Because the price couldn't break the monthly range (Monthly EQHs) and hasn't yet reached the discount of the latest bullish monthly leg. Ergo, I’m waiting for the price to retrace back to the discount before it moves higher again
The price swept the previous STH, then closed back into the range and below the CE of the monthly IFVG.
I’d like to see a move lower to collect LRLR, then retrace back to the discount and the monthly BKR.
Because the price couldn't break the monthly range (Monthly EQHs) and hasn't yet reached the discount of the latest bullish monthly leg. Ergo, I’m waiting for the price to retrace back to the discount before it moves higher again
The price swept the previous STH, then closed back into the range and below the CE of the monthly IFVG.
I’d like to see a move lower to collect LRLR, then retrace back to the discount and the monthly BKR.
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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.