This should help you trade the retrace.
Plotted by BFT Core Algo 1.6.
7187.5 -> 7500 -> 6872 -> 7187.5 -> 6250 with likely liquidation wicks to 6000.
Looking for more up after 6250-6000 consolidation
Plotted by BFT Core Algo 1.6.
7187.5 -> 7500 -> 6872 -> 7187.5 -> 6250 with likely liquidation wicks to 6000.
Looking for more up after 6250-6000 consolidation
Note
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Note
Traders beware.Support at 6875 is not looking great and in progress of being flipped to resistance.
Could dive straight to 6Ks at which point BFT Core Algo likely will recalculate strength of the support.
Note
Closed above 6872.5, clear buy signal given.Note
Note
Algo says go for 8125
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Related publications
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.