Towards 20228

Hi, as you can see, it did not succeed in breaking the weekly resistance and retraced down from strongly, and even broke another line and it looks like it goes down to the low of tall green daily candle which the index jumped to high levels from at 20228 where also you could find another at the price the index will touch that strong support uptrend line and I have a feeling that it will break through due to the high selling momentum but I would prefer to gain my profit at the TP level 20228 first and will close the trade then I will monitor if it will break though or not.

My trades are exclusive to myself only and is not regarded as an advice to traders or investors and is not more than a personal thought or idea which I just wanted to share with you all and I do hope it could help.

I am not selling any signals and I do not take money favour any trade and my recommendations or are free of charge all life long but I keep the copy rights of them though to not be copied or shared.

Trade active

as you see it retraced from the upper her horizontal line I drew.. but that would not let me either close my trade for it! as it will continue to go down after that temporary bullish retrace!

Note

Hi, my final TP is at 19910
I would recommend you strongly to wait & take your profit at that price 19910
Good luck

moustafa_marei

Moustafa Marei

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moustafa_marei

Moustafa Marei