The market failed to break and close above 1905$ several times and is going now into a correction move to at least 1840-1850$ & 50 day EMA. If the market break and close under this support area the next stop is near 1760$. We closed our buy positions and opened some small short positions near 1900$. We will close this short positions as soon the market confirmed 1850$ area as support.
The MACD & RSI indicators points to a further downward correction move as well.
Feel free to leave a comment or to share your ideas in the comments section Please hit the like button if you share or like this idea. Follow us and stay up to date/don't miss any new ideas Thanks for your support !
Comment
⋅
moving as expected. Now looking for some consolidation between 1840-1850$ before open a long position.
Comment
⋅
Market dumped very strong after the FED meeting on Wednesday. Now looking for a consolidation at drawn support area before open any long position.