Disclaimer, these are targets based on LIGHT charting as I'm busy moving out of LA and just not getting a lot of screen time. However, the market doesn't wait for anyone, so I thought I'd at least get this idea out there, in case it may be helpful for anyone else. We're approaching the first PRZ, so we could reverse and go down from ~28k, but there are some imbalances and semi-decent liquidity levels above 28k that look like they're asking to be taken out, so we could still go higher. Let's see how this plays out!
Trade active:
Well that escalated quickly...TP1 hit!
Trade active:
Now that we've hit TP1, stochastic looks strong even though there should naturally be some bearish signals here. Looks like we could keep going up to hit TP2.
Trade closed: target reached:
Starting to see bearish signals on stochastic from LTF up to 2HR, in addition to a nice 1.618 and 1:1 fib (high liquidity combo) at 26.2k, switching to short.
