Levels defined, feel free to track against them. I've created some boxes where we see price action gaps, these are some of my primary targets in addition to the start of the trend (top) Ignore the fib levels, they no longer apply and forgot to remove them before posting.
Watch for a backtest of a trend break for a possible entry.
Not financial advice. Just a shmuck with some 240c's trying to get paid
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ouch.
We'll see by EOD if this is the backtrend retest. With China tensions this breakout could be invalidated.
Thinking similarly, esp with testing the trend break again. I do see a small gap above 220 so it seems highly probable (it'll be a 50% retracement back to recent low which is not unusual). There is also the reality it will test back the trend below that, to the gap above 210.
ivanwolfgang
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@showmethat, Interesting thought! I do think the 220 gap is possible, but I also can comfortably see a scenario where this thing just takes off and disregards the gaps below (save them for a later date or just leave them in the dust altogether). As reference, look at last July, a gap created on the run up that wasn't filled until December's big drop.