*IF* general 3900 FIB support area holds a bounce to the area right above 4000 would likely follow within *few days*.
Losing such FIB area would imply chances of visiting support close to 3800 mark, hence a stop is mandatory.
4H suggests a bounce may be *attempted* today, eventually.
If so handle it with some grain of salt and look at volume, as RSI is not yet oversold on D.
Opportunistic and highly speculative hyphotesis, DYOR and mind the risk.
Losing such FIB area would imply chances of visiting support close to 3800 mark, hence a stop is mandatory.
4H suggests a bounce may be *attempted* today, eventually.
If so handle it with some grain of salt and look at volume, as RSI is not yet oversold on D.
Opportunistic and highly speculative hyphotesis, DYOR and mind the risk.
Trade closed: target reached:
Closing as -technically- the minimum target has been hit already.
It was a pretty quick scalp and you may ride it further, if you wish.
Remember it's up to you to manage your gains.
It was a pretty quick scalp and you may ride it further, if you wish.
Remember it's up to you to manage your gains.
Comment:
as you know i seldom post trades on "traditional" markets / indexes.
If you 're interesed in seeng more please like / boost, so that i know what my followed are interested in.
If you 're interesed in seeng more please like / boost, so that i know what my followed are interested in.
Comment:
Breakout of the broadening wedge achieved.
It has margin.