I took a short to wait to see how the macro markets plays out. There was a break of the upwards channel and a retest of the top bound failed, but this could again be breached to fake.
I think the momentum needs to reset and the ADX needs to flip, to convince investors this isnt a fool's rally.
I am doubting the rally but comfortably sold for some profit already. Ill be looking to enter long again on tuesday or wednesday around the 0.5 fib.
If there isn't a deep retracement the price could easily bounce from the 200 MA/EMA @1300, and see a very bullish continuation. But if that happens I will be more cautious going forward as that would mean a shallow market.
Goals for bullish continuation are 1800 to flip weekly trend, and 1385 to break daily resistance.
I think the momentum needs to reset and the ADX needs to flip, to convince investors this isnt a fool's rally.
I am doubting the rally but comfortably sold for some profit already. Ill be looking to enter long again on tuesday or wednesday around the 0.5 fib.
If there isn't a deep retracement the price could easily bounce from the 200 MA/EMA @1300, and see a very bullish continuation. But if that happens I will be more cautious going forward as that would mean a shallow market.
Goals for bullish continuation are 1800 to flip weekly trend, and 1385 to break daily resistance.
Nota
This played out very well. I was suprised that there was little pullback, but all in for the rally/.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.