Small bear retrace before further bull move

Price respected lower trend line of channel and 1.5 extension. Expect bull move to top of channel and extending to 1520.71 (50%). Look for long entry around 1456.95

Note

eyeballing short scalp 1469.75. Can enter on limit or wait for price action to confirm with break of trendline. Target 1457 then bull move to continue

Note

edit 1469.71

Note

TP now - 1460 +95

Note

Short target reached and Long trade triggered off of 1456.95 level

dmacfx

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.

dmacfx