Just something I've been looking at as a possible scenario...
Will post a more indepth analysis when we get a short term answer...
On the livestream initially we had shorted 1490s but then flipped long @ 1502 and again @ 1512. Now we look much higher but lets see what happens here.
Previous analyses:
(38.2% Retrace, weekly chart breakout):
We start targeting 1600's LAST JULY:
We identify the breakout from $1300:
Good luck traders
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Obviously the news today has rendered much TA invalid. We will continue to follow this idea. If the situation in the middle east calms down, it may still be applicable.
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still expect a small retrace at some point but this particular idea is invalid at this time