Hello Traders!
In these elevated levels always think the other side of the market don't be too greedy.
The momentum of the price shows weakness no fundamental catalyst yet, I recommend profit taking or enter short at the labeled trend line break around 3730 stops above 4250 stop order. Or at the 50% retracement after the trend line break with a sell limit order.
I labelled the take profit levels with green dotted line.
Have a great week!
Best wishes,
Vitez
In these elevated levels always think the other side of the market don't be too greedy.
The momentum of the price shows weakness no fundamental catalyst yet, I recommend profit taking or enter short at the labeled trend line break around 3730 stops above 4250 stop order. Or at the 50% retracement after the trend line break with a sell limit order.
I labelled the take profit levels with green dotted line.
Have a great week!
Best wishes,
Vitez