As the nine month range gets tighter, price is positioned for a move soon.
Prepare a trading plan before the move happens.
<6000? --> likely quick path ~4k
>7200? --> likely quick path to previous local highs, 8.4k, 10k, 11.4k
Prepare a trading plan before the move happens.
<6000? --> likely quick path ~4k
>7200? --> likely quick path to previous local highs, 8.4k, 10k, 11.4k
- local high for short entry if we drop below 6k
or
- below local low if we rise above 7300.