I was about to post this earlier but was quite busy, anyways I have my targets set and bias determined, last week has shown some weakness by the moment the markets closed as we have received the strong short reaction from the median of the bearish breaker.
We have also opened with significant NWOG which I expect to be partially retraced and use it as the range to be positioned short, however, not thoughtless. I will be looking after this range because the retracement levels will tell us of the following dynamic, we can surely surge now and breakdown to the sellside but this will be very bearish and weakness signal which I believe we are unlikely to see unless there is some gigantic manipulation coming in which will drown the markets down.
I expect the level of 20700 to be swept after which I will look at the price action dynamic to determine the future direction
We have also opened with significant NWOG which I expect to be partially retraced and use it as the range to be positioned short, however, not thoughtless. I will be looking after this range because the retracement levels will tell us of the following dynamic, we can surely surge now and breakdown to the sellside but this will be very bearish and weakness signal which I believe we are unlikely to see unless there is some gigantic manipulation coming in which will drown the markets down.
I expect the level of 20700 to be swept after which I will look at the price action dynamic to determine the future direction
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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.