This is a follow up from my April post. (see link below if interested).
The target I had has been hit. We had a reversal candle today so far. So check after the close.
The low recently touched but did not go below the level "a or 1"(754) . If it does near term it would likely indicate that all this the up action is a correction. If it does not and price goes above the current near term downtrend line then likely we have more up action ahead.
I trade this with the XLE ETF. I went long today. Personally I will use a close below 754 as my stop. Process your way.
The target I had has been hit. We had a reversal candle today so far. So check after the close.
The low recently touched but did not go below the level "a or 1"(754) . If it does near term it would likely indicate that all this the up action is a correction. If it does not and price goes above the current near term downtrend line then likely we have more up action ahead.
I trade this with the XLE ETF. I went long today. Personally I will use a close below 754 as my stop. Process your way.
Dagangan ditutup: hentian tercapai
XOI closed at 752 today. Would not be surprised to see more down side ahead.
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Penerbitan berkaitan
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.