Strong Momentum - 230 Initial Target
CME has a bullish setup that I've traded with success numerous times in the past. It repeats this pattern a lot.
Buy Zone = 217 - 221 (current level); Breakout level = 222
- Initial Target = 230 by 3/15/2024
- Then expect pullback to test 222-224 for support
- After that it will make a final leg higher to end this wave around 240-250 in April-May 2024.
CME is correlated with crypto moves but not dependent on them, so current BTC/ETH rally helps here, but doesn't really matter the CME setup drives itself.
Buy Zone = 217 - 221 (current level); Breakout level = 222
- Initial Target = 230 by 3/15/2024
- Then expect pullback to test 222-224 for support
- After that it will make a final leg higher to end this wave around 240-250 in April-May 2024.
CME is correlated with crypto moves but not dependent on them, so current BTC/ETH rally helps here, but doesn't really matter the CME setup drives itself.
Catatan
Stop loss 215, if it breaks below it has risk to 209-212 - in that case the next bullish leg would just be delayed.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.