self explanatory image
Komen:
blue arrow , where i call , rejection and a big channel that we reentered
Komen:
be aware this area is always been a strong support resitence
Komen:
abovr 6500-6600 i will be confortable to go long, before that we could get a rejection.
Komen:
as son as we touch the top on the channel we encounter resitence as expected
Komen:
we broke the support resistence area, testing the residence of the channel.
Komen:
as expected figthign hard on this resitence.
Komen:
it looks is a rejection probably going to the arrow, id we break trough the yellow area. until then we could still reverse back
Komen:
as i said we are in the yellow are what some people call the dumb trade zone,you can do risky trading and short on the top and long on the bottom . i prefer to stay sideways until we know more.
Komen:
i think we will top in this previous support know resistance, and 200MA , 100MA . it will be a great profit since the bottom 3800ish, so will probably not cross it.
Komen:
restest of the resistence and know support.
Komen:
support is holding still have a target around 50MA, or 200MA 100MA
Komen:
continuation idea.
Komen:
zoom out
Komen:
related idea
Komen:
so we slowly went to the big resitence and 200MA to break them, quite surprise with the strong bulls, less wait for the end of the day and see if we get a week to 200MA if not the last target is there
Komen:
Dagangan ditutup: sasaran tercapai:
and we got there 120 since the bottom
Komen:
continuation idea we just broke on the daily.
