You see how nicely the channel works out... Let's see if it holds or if it smashes down...
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Theoretically we could also shoot up from this level like yesterday in a smaller range... or we could drop down if it is something like a bearish flag... everything is possible. I am on a long position since 8520 and might take some loss or not...
What are your thought in this? There seems to be a really big range between highs and lows, not sure what to think of that.
Christians_SKS
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@VictorFreire, I don't have an opinion about it yet. But I am not on a long trade. I prefer to miss out instead of loosing...
Christians_SKS
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@VictorFreire, There is a strong resistance around 8800 and another one around 8965. So the risk to reward seems to be not good in my opinion. Also I wouldn't want to buy at the top of such a channel... but that's just my opinion and often I am wrong...