This is a follow on to my 1/31/18 post. I was looking for trend line and 50% BB support at the 9k area, bought 1 long at 8820. Support zone broke, and bought 2 longs at 7800 within a horizontal support band from previous consolidation. Will buy 3 longs between 6000-6300, if we get there. Will sell a position each in the 16k and 19k horizontal resistance zones if/when we get there, to make dry powder for potential pullback buys.
Comment:
The correction hit my target and I picked up 3 positions at 6100. This chart is quite a mess, but the next potential horizontal support zone is around the 5k mark, so if we go there, will pick up 5 positions.