Yesterday bull flag broke out nicely, but struggling right now to break 8400 resistance.
We also are creating an support on monthly open right now.
If that breaks down i expect a pull back to weekly open - 0.618 fib level for an better long entry.
Plan:
4HR close above 8424.5 = Long
Target 8700 levels.
Else:
Long pullback on weekly open - 0.618 fib area.
Target 8700 levels.
Invalid trade if we start closing below 8000.
We also are creating an support on monthly open right now.
If that breaks down i expect a pull back to weekly open - 0.618 fib level for an better long entry.
Plan:
4HR close above 8424.5 = Long
Target 8700 levels.
Else:
Long pullback on weekly open - 0.618 fib area.
Target 8700 levels.
Invalid trade if we start closing below 8000.
Comment:
Cleaned up my chart aswell. Other was too messy. New Quarter New money. Let's go.