Neutral (NO TRADE ZONE 10.5k - 12k)
Updated
We set a new Higher Low which leads me to believe that my previous published chart comment about the inverse head and shoulder might actually be wrong. If we break 12k and have a candle close above that range then I'll change my short term outlook from bearish to bullish. Until then we're still in what I call a no trade zone between 10.5k and 12k. Breaking either of these numbers and closing afterwards would be a clear directional change to me.
MACD, RSI & TEMA are bullish at the moment
Target to the Upside 14.2k
Targets to the down side 8.5k to 7.2k
MACD, RSI & TEMA are bullish at the moment
Target to the Upside 14.2k
Targets to the down side 8.5k to 7.2k
Trade active
IH&S played out perfectly. Upside target is unchanged.
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.