The overall picture is still higher and a test of $ 2,980 is expected. The short-term picture suggest we are slight overbought, but the earlier SELL levels executed, should have careful SELL additions (maintaining low leverage). I think we may see the touching of $ 3,000 for market to test this level. the GANN structure shows we are supported and also the trendline support area $ 2,910-2,920 seems strong for this moment in time.
Strategy 1. BUY @ $ 2,940-2,950 and take profit near $ 2,995 (expecting to go near $ 3,000)
Strategy 2: SELL or ADD near $ 2,990-3,010 before a re-treat may be seen.
Strategy 1. BUY @ $ 2,940-2,950 and take profit near $ 2,995 (expecting to go near $ 3,000)
Strategy 2: SELL or ADD near $ 2,990-3,010 before a re-treat may be seen.
Trade closed: target reached
closed out @ $ 2,995
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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.