Smaller Time frame - this is what I'm expecting. If we break the downtrend red line, we should bounce to around 65-66. However, it will most likely be a Bull trap, and we will go lower to 51 area. Be careful and use stops as we get close to target areas. Watch the RSI on the 15 minute if you are day trading!
Good Luck :)
Good Luck :)
Comment:
Downtrend broken. Expect a retest of breakout zone and then onward to D
Comment:
Bull Flag broke upwards. We should be near 65-66 by tonight or tomorrow early am (NYC time).
Trade active:
Trade active:
Updated Trend line
Comment:
Stop loss hit