$8360 incoming? If so $7440 might be possible.
Just looking at some forming descending triangles.
There are two CME futures gaps which we are at the 50% Fib. If this triangle breaks out down we could be looking at the $8933 $8360 as resistance points on the way to $8000 and below.
Upon the drop I will open a short position looking to close a portion at $8933.
There are two CME futures gaps which we are at the 50% Fib. If this triangle breaks out down we could be looking at the $8933 $8360 as resistance points on the way to $8000 and below.
Upon the drop I will open a short position looking to close a portion at $8933.
Comment:
Closing this. +5% trade
Trade closed: target reached
