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Slight twist in history today as we had a fake out below the large triangle, the big money plays mind games
Improved targets - I noticed I made a mistake looking at my targets
The last - white - arrow is a risky trade, and even the third green arrow is tricky
Long hard on the first two arrows and stay safe after that
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⋅ For the frist green arrow 9090 is the greedy target 9050 is the conservative target
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⋅ Still bullish above 8550 - panic sell off after a failed push up, give it time we're still consolidating
Put stop loss at 8550 (8545)
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⋅ I panic closed at 8600, reopened at 8575 after seeing the bounce of 8550
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⋅ We might be forming a bull penant
atm we seem to struggling at the top of the triangle trying to break up, we will see what happens Comment
⋅ Improved version - I reviewed the green trend lines
1 seems more likely to me at this point
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⋅ Ok we won't be going in to the triangle ...
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Ok I thought we might turn momentum in the afternoon but I didnt expect this candle at 12Comment
⋅ We're seeing some hammering on the last few candles and as I am posting this we have red one, so the first white arrow won't be happening
Looks like we'll trade side ways and break up around 4 - 8 pm and then the daily candle would close above 9k and we'd have a good outlook for tomorrow
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⋅ This time with the Fibonacci's
Long position would between at the 0.5 fib at 8820 and the 0.382 fib at 8780
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