THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Not bad play at all with the red boxes working well, KOG's bias of the day and the red box targets working well and of course the indicators and our trusted algo Excalibur guiding the way completing the move that we wanted downside. We then got a fantastic long from the bias level and red box activation up into where we are now.
So, what now?
We have resistance and a red box above which is broken suggesting we may see some more movement downside in the coming sessions. This would also align with the hunt and undercut low that can take place at this key level. We're a bit too low to short, so we'll either look for the break above 3375 to go higher, or, we'll wait lower for a potential long trade from the red box region.
Immediate support here is 3360-5 and resistance 3375.
Price: 3364
KOG’s Bias of the day:
Bullish above 3350 with targets above 3358✅, 3365✅ and above that 3379✅
Bearish on break of 3350 with target below 3337 and below that 3330
RED BOXES:
Break above 3365 for 3372✅, 3375✅, 3388 and 3406 in extension of the move
Break below 3350 for 3335, 3330, 3326 and 3307 in extension of the move
As always, trade safe.
KOG
