Dynamic trading has an ability to spot whether the resistance that was strong before is the same now.
What was strong today may not be strong tomorrow!
The trick is to dig it out and read it properly.
That being said 1282 was strong, but it may become weak today.
Because 11/3 becomes 2 - 12/3 becomes 4 - 12/7 becomes 9. Such inverted combination indicates that...
Sell below 1250.00. Stop loss at 1310.00. Take profit at 1125.00.
Reason for the trading strategy:
We remain bearish below 1250 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1125 support (swing low support, Fibonacci extension, Fibonacci retracement).
RSI (34) has made a bullish exit and warns off a...