A brearish trend is applicable.
Short entry as close to 123.80 as possible.
Increase the short exposure for a break below 120.40.
Profit target is set at 113.65 (wave a)
Stop-loss set at 128.90.
Keep an eye on the 200-week and 200-day moving averages, which might act as major support.
Short entry as close to 123.80 as possible.
Increase the short exposure for a break below 120.40.
Profit target is set at 113.65 (wave a)
Stop-loss set at 128.90.
Keep an eye on the 200-week and 200-day moving averages, which might act as major support.