XLB eyes on $85: Proven Support zone to End Bounce or to Break?

12 Mei

XLB has recovered the tariff tantrum dumps.
But struggling against a proven resistance zone.
Dip is likely, Break-n-Retest means Strong bull.

$84.61-85.24 (red) is the exact zone of concern.
$79.66-80.27 (green) is first strong support below.
$71.71-72.23 (Gold) a double golden major support.

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kelmarin

Dagangan aktif

POP and POP
(yellow shaded area is from posting time)
PERFECT entry from our zone to EXACT exits.
Closed 25% at each, placed SL are Break Even.

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What next?
Next two targets are some distance away.
Looking for $97.61 for TP3, then $105.66.
So holding SL at BE and sitting out a long ride.

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