Not trusting the 12.3k daily close of failed breakout high as support, would rather look for support at 11.9-12k and 11.5k for daily and weekly close support levels.
Essentially shorting the range from the upper weekly level to the lower daily/weekly levels.
Looking to short 13.7-13.8k if 12.9k continues to hold after the initial dump from 13.4-13.5k
Essentially shorting the range from the upper weekly level to the lower daily/weekly levels.
- SHORT: From 13.4-13.5k (highly confluent weekly level)
- TP1: 12k, 11.9k (WEEKLY/DAILY CONFLUENCE)
- TP2: 11.5 (WEEKLY LEVEL)
Looking to short 13.7-13.8k if 12.9k continues to hold after the initial dump from 13.4-13.5k
Comment:
TBH, if it breaks and holds 13.8k+ it will fly a lot higher