Simple trend following AB=CD move setting up, targeting ~$1850.
Trade triggers on break of $1725 area.
Comment:
Bulls Beware....as things stand, the approach to the 1725 break out level, is a little to steep and eager for my liking.
Would prefer to see a healthy retrace back into range, before I would be willing to hit the LONG button on break of $1725.
If it breaks within the next day or two, I would wait and see whether price wants to hold above this level, before getting bullish in earnest.
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Would prefer to see a healthy retrace back into range, before I would be willing to hit the LONG button on break of $1725.
If it breaks within the next day or two, I would wait and see whether price wants to hold above this level, before getting bullish in earnest.