just crossed an important fib extension, the next one is at 8k. Stop loss trails the base of the parallel channel leading up. Price broke the upward channel 2 times but only went 1% below the channel. Advisable to put your stop loss 1.5% below channel and ride it out. If we go beyond 1.6 ext, we will probably see 2.6 which is around 10-11k.
Happy trading
Happy trading
Note
\channel broke down, lets see how support at 6500 will do
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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.