It is an interesting trade setup where weaker hands are shorting based on weak news factors like Italian Crisis, U.S. tariffs reignite trade-war fears. Ideally this should result in a short covering rally towards 2731 levels either in friday or monday regular trading hours. Failure to do shortcovering in the above said time frame could be a worrying factor from investor perspective.
Note
2731 done. I rest my case!Trade closed: target reached
Target Reached! Done a high of 2733
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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.