I am not surprised by the move lower from the highs. We were moving with a descending wedge, the resistance were well respected. Now we have moved sharply lower, and the case starts building up for a BUY strategy, but not as yet, Let the dust settle first.
Strategy initially, BUY @ $ 2,165 - 2,180 area and place SL below @ $ 2,115. The profit target I feel may be around $ 2,380 for now.
Strategy initially, BUY @ $ 2,165 - 2,180 area and place SL below @ $ 2,115. The profit target I feel may be around $ 2,380 for now.