If it can't go down it must go up.....maybe this is true, There was a nice bearish try yesterday, but the sharp rejection looks there are some more bullish power. However, I will not be surprised if we will get below the yesterdays low before the move will start. I'm long from 3339 with 1/2 position and will add with the second half closer to 330x. SL will be...
Long scalp at 3350 area, TP 3390, short the bull weakness up to 3430, TP1 3240, TP2 3170
The yesterdays PA suggests some deeper retracement. I'm Looking for the 3380-3400 level to reload short position, Target 1.317 area
It took the price almost a month to break the former top in the ongoing channel formation. However, I'm not sure we will continue straight to the next major resistance clusters 3480-3520 before pullback to the 3260-3300 area.