Last chart expected to hit 100 well before we started that move and went on even higher. I am republishing this updated chart where intermediate swing trader could possibly find short entry around 102 to 100 for area.
However, I think it is safer and possible more profitable to look for long entry. That will develop once we have a partial retracement of the last decline and then another leg lower to around 100. Might not pal out exactly but a long entry should develop around 100 and 105 - 106 as potential target for now. Will have better idea once we see a bottom form.
However, I think it is safer and possible more profitable to look for long entry. That will develop once we have a partial retracement of the last decline and then another leg lower to around 100. Might not pal out exactly but a long entry should develop around 100 and 105 - 106 as potential target for now. Will have better idea once we see a bottom form.
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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.