Yes that's wat my crystal ball is saying..kkkk. . . the crystal ball of technical analysis that is!
We broke the yellow zone which was a good support before. After the break last weeks weekly candle seemed to be testing it. Notice how that also coincides with the Weekly kijun. So essentially it was impulse down,pullback and now we expect another impulse down....to around 3000 level!!
Entry: one posistion @ 6400
SL: 7728
TP: 3066
RR: 2.57
I will reiterate that risk management is what makes you a trader!!
We broke the yellow zone which was a good support before. After the break last weeks weekly candle seemed to be testing it. Notice how that also coincides with the Weekly kijun. So essentially it was impulse down,pullback and now we expect another impulse down....to around 3000 level!!
Entry: one posistion @ 6400
SL: 7728
TP: 3066
RR: 2.57
I will reiterate that risk management is what makes you a trader!!