Long Idea

16 Jul 2018

Using the pitchfork tool and some reaction lines we are starting to show a possible bullish scenario due to volume and an elliot wave cycle. Will be looking for a retrace at these levels or just slightly above 6800. Keep and eye on 6200-6450 for possible long entries but wait to see how we react at those levels. There is also an Inverse Head and Shoulders pattern to look out for that will give us the same elliot impulse target. Target 8k. Good luck trading.