BULLISH & BEARISH BIAS FOR BOTH BULLS & BEARS (12.5k or 10.5k)
Diupdate
I'll provide an update in regards to how this trade plays out 10-30 minutes after daily close at 8pm (EST) time. (currently 5:52pm)
We broke above the short term (local) downtrend (trend-line) resistance zone.
Looking to see 11400-11600 act as support to end this weekly off before anther leg up.
HOWEVER, we're above this range's mid-point (11695) and the current range is around (11k - 12k).
Time will tell how this plays out, remember nothing goes straight up or down, so retests are always likely even if it will eventually continue up. (keep that in mind)
Enjoy your night & be safe, cheers.
We broke above the short term (local) downtrend (trend-line) resistance zone.
Looking to see 11400-11600 act as support to end this weekly off before anther leg up.
HOWEVER, we're above this range's mid-point (11695) and the current range is around (11k - 12k).
Time will tell how this plays out, remember nothing goes straight up or down, so retests are always likely even if it will eventually continue up. (keep that in mind)
Enjoy your night & be safe, cheers.
Trade aktif
I've added the parallel channel in the mid range (I've circled it - towards the left of the chart) Thus being said, It looks like perhaps we might've bounced off this area & it's flipping into support (on the short term) Targets 11975, 12075 & 12475. At a later date, we can discuss further targets and bias.Trade aktif
I've set buy orders for a retest of this pump around 11625 (IMO) while remaining long small amount.Targets remain the same.
:)
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