The price is now on a 4H Channel Down (RSI = 39.718, MACD = -0.350, Highs/Lows = -0.6671, B/BP = -1.1220) headed towards a 64.64 Lower Low. That is the EMA200 on 1D (neutral ADX = 18.800 but bearish on the rest) and the last buying accumulation point. The Higher Low on the 1W Channel Up is also located there (64.40) which is the ultimate support point. If crossed then we will consider a long term trend change and will short at 63.35 (TP 60.00). Until that happens, we will keep the two longs (TP = 71.88 and 72.86 in extension) adding a 3rd one (and final) at 64.80 in order to average down the exposure.
Please do you have private group for me to join?
Thank you.