Hello Everyone!
We need to hold $442.
This is a major level that if we don't hold, we could break the local low.
This could set up a move much lower.
If we ever get to the purple box (which is possible), I would load up huge.
A sneaky long at $442 could be ok depending on what the price action we create on the move down to this level looks like at the time of entry.
If we have resistance that is untested right above the $442 entry, there would be no long and I would look for shorts instead.
Thanks for reading and good luck!
We need to hold $442.
This is a major level that if we don't hold, we could break the local low.
This could set up a move much lower.
If we ever get to the purple box (which is possible), I would load up huge.
A sneaky long at $442 could be ok depending on what the price action we create on the move down to this level looks like at the time of entry.
If we have resistance that is untested right above the $442 entry, there would be no long and I would look for shorts instead.
Thanks for reading and good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.