This bounce off the previous support area, Monday will be decision time.
Should we get above the 1237 and close, then we could see this go to the 1278, from that point we may see it go down.
Stop at 1244
Been watching this for a few months.
I have placed at fib on this and was watching price, this afternoon i started opening shorts given that the 50% fib looks to have been rejected.
Initial target area at the shaded area of between 1220 to 1210. I'll be looking at that level for some additional follow through, and should this occur i'm looking at the next level...
I was expecting this to breakout to the upside last week, but price started to change to the downside, closed out my short term longs, and then price just sliced through the upward support.
I remained neutral, up until today, I have started to open up shorts and looking for the 0.618% fib to be taken out, should this happen, then i will add, i see this going to...
Here's my idea, I have short orders at 1.0840 & 1.0870, looking at the chart price has hit the 50% fib, that said could we see a retrace back to the main resistance line at the 1.1150 level?, I have 2 areas where price may go the other is at the 1.1050, or do we see this breaking down at this current level. It looks like it has higher to go, with increased obv,...
Short opportunity, on Nov 16 contract.
A clear break of the 940. line shown here would be my confirmation on the short.
1st Target at 890, retrace back to the 900 area, then final target at 850.
Stop Loss at 976.2