We moved away from high $ 1,222 and current market close $ 1,162.
there is no change to my medium-term view, and see $ 706 as a good possibility based on High RSI and negative stochastic. besides we are still above 1,127 BB band top. The experience tells us, that with such wide width of BB (between high and low) always seems to create corrective activity.
Sell into current levels (adding to shorts) in small increments, and take profits similarly at $ 825 > $ 750 increments.
Stop-loss let's say $ 1,250.
there is no change to my medium-term view, and see $ 706 as a good possibility based on High RSI and negative stochastic. besides we are still above 1,127 BB band top. The experience tells us, that with such wide width of BB (between high and low) always seems to create corrective activity.
Sell into current levels (adding to shorts) in small increments, and take profits similarly at $ 825 > $ 750 increments.
Stop-loss let's say $ 1,250.
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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.