- Daily Heikin-Ashi candle pattern indicates more pull back ahead.
More details you can read in my analysis posted yesterday.
Support zone based on daily is clearly ard 40-41. Of course it doesn't mean you have to buy there immediately! This is the mistake most people often make! Even professionals. They buy at a level, just because in last X days or weeks they identified it as a support,
No! A support is not a level where we automatically buy! A support is a level, where we assume buyers should take control again over sellers, so where we LOOK FOR BUY SIGNALS, and when a buy signal is confirmed, then we buy!
Or if you are a great risk manager and strict systematic trend follower, then you can start buying at the support, but in smaller clips, assuming it will hold, and you add on and go leveraged when a buy signal is confirmed!