$98.30 is a major level of interest for me. I'm looking for a solid close below that level, then I want to see a retracement from that move so I can move into a short position back to structure and the weekly/monthly trend.
I'll be a buyer between $76-$80 which is near the monthly coral.
Very interesting, thank you very much. If it's not big deal - can you explain meaning of the phrase "monthly coral"?
allout06
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@binamica2, Sure thing. The "Coral" is just a moving average that I use that is SUPER reliable, especially on higher time frames. It's considered the "bankers moving average" and on trading view, it is a "Linear Weighted Moving Average" or "LWMA" with a period of 80.