Outlook:
- A strong bounce after closed above daily MA200 is anticipated
- Any bounce (Wave B) will be met with strong resistance at the low of Wave 4 (114.50)
Trade plan: Wait for price action on Mon and go Long
Target: Wave B (111.18-114.50)
Stop Loss: below 96.50
Note: Every daily RSI oversold (green circle) have resulted in a strong bounce since 25 Oct 17'
- A strong bounce after closed above daily MA200 is anticipated
- Any bounce (Wave B) will be met with strong resistance at the low of Wave 4 (114.50)
Trade plan: Wait for price action on Mon and go Long
Target: Wave B (111.18-114.50)
Stop Loss: below 96.50
Note: Every daily RSI oversold (green circle) have resulted in a strong bounce since 25 Oct 17'
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.
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.