Bullish Case: If price holds above the midrange (also the monthly open) or breaks cleanly above it, target 3350.
Bearish Case: If price falls below the monthly open, it signals a deviation, trapping buyers. Place SL above the monthly open and target 3200.
Note: At the midrange, both scenarios are possible. Stay flexible, trade both directions, and wait for a clear range break to confirm the trend.
I'll keep you updated, give us a follow.
Bearish Case: If price falls below the monthly open, it signals a deviation, trapping buyers. Place SL above the monthly open and target 3200.
Note: At the midrange, both scenarios are possible. Stay flexible, trade both directions, and wait for a clear range break to confirm the trend.
I'll keep you updated, give us a follow.
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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.
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.