On Friday, my target for the rally was 5654, and 5654-5588 range continues to be a volatile chop zone. As I mentioned, 5630 is acting like a magnet, with five losses and recoveries since 3pm. Chasing or overtrading here is a recipe for losses.
As of now: No changes. 5630 and 5619 are supports. As long as buyers hold, 5640 and 5654+ remain in play. If 5619 breaks, I’m selling at 5604 and 5588.
As of now: No changes. 5630 and 5619 are supports. As long as buyers hold, 5640 and 5654+ remain in play. If 5619 breaks, I’m selling at 5604 and 5588.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.