Noi change in view, and have traded slightly lower. The pattern suggests in combo GANN support (Black line) and the top of channel, resembles an ascending wedge. This suggests lower levels to be seen. Further, we are overbought, and that's why still SELL strategy preferred.
Strategy SELL @ $ 220-240 and take profit @ $ 181 now (channel support @ $ 176). Break of channel support will lead to $ 130 area.
Stop-loss is wished for @ $ 275 for now.
Strategy SELL @ $ 220-240 and take profit @ $ 181 now (channel support @ $ 176). Break of channel support will lead to $ 130 area.
Stop-loss is wished for @ $ 275 for now.