So we are pretty close to breaking the 7.5k level, which is also the neckline of the inverse head shoulders (my other post), if we can get through the 7.5k resistance, then imo 7.7-7.8k will be the next target. From there I will enter a short with tight stoploss. We are overbought on the 1H RSI, so if we get rejected here then a 7.2 is my price target.
Comment:
Wow! And 15 minutes later we are at 7400, so we did get a nice rejection, also got a 0.8% scalp out of it, so definitely happy. Have to see are we going to fall further or break the resistance...