Today's +500 rise within an hour is the first indication of buyer's interest near 6k. However, it failed to break the swing high=6358 & was rejected near 6259. If today's close is around 6,167.4, it will form a solid dragon-fly alert suggesting a balance between the supply/demand and is supported by positive divergence on the channel-up RSI=33. Upon a follow-up (D), the short position must be closed as the price will be seeking a trend reversal (see also the twin peaks on the oscillator with a possible test of 6788 and ultimately 7200). Contrarily (with no follow-up on daily), the short (from high) will remain open & the price will hit TP=5530. Further note that we have just passed the Fib swing zone (June 23) that shows the longest i.e. 47-days long so far.
And here is the updated /7wgwy#
A typical case for price channel traders where price hits the MA20 on a given time-frame and closes above! In this case, it is KC. I will put further buy orders with TP=7700.
Pullback alert zones where I am going to put buy orders given daily RSI holds above 50: (1) 5H MA20 OR Fib1.618 (2) Between MA50-MA100. This will give me enough time to re-assess 1D situation prior to opening /82auk#
Congratulations, July ends green!