Looking for a bounce from channel bottom to retest 56/7k in wich will be a very important lvl to break for bullish continuation in the short term trend , a loss of this channel would most likely bring us down to the 47-42k range for a full Fib retrace, note we have held the 618 fib with genisis confluence , nice r.r with a short hedge on a loss of stop and channel break down.
Ladder range 52,170-51k/50,400 stop below low wick with a bit of wiggle room micro %,.
Targets 56k, with 57k plus on break of resistance.
Ladder range 52,170-51k/50,400 stop below low wick with a bit of wiggle room micro %,.
Targets 56k, with 57k plus on break of resistance.
Trade active
KC Top Confluence. Note
may loosen stop to 49700/350 depending on price movement incase of any sneaky stop hunt wicks , after entry average risk looks good for this one with a short hedge pending (A break down of channel with 4h close).Note
Note
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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.