Historical price action analysis indicates, at least since september 2023 that there is a high likelihood od of a price rebound from current levels to at least 570. My first position is in, will analyse how price unfolds from current levels and eventually reinforce.
A drop below 520 cancels my reading and so will close any positions open.
A drop below 520 cancels my reading and so will close any positions open.
Note
I have DCA the way down and am patiently waiting for the next lef up, price has been closing above key levels constantly ono the daily and reacting strongly to the 520ish area. So, I still have my 4 positions long open and will leave them open for until my reading is cancelled. I have to admit it is playing close to the limit and this volatility is not of my liking for this type of long-term trade, but all in all, idea is still intact.
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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.