Yesterday we saw all our 1H chart Bullish targets being hit and today we see our 4H chart targets being HIT!!! Our analysis played out to perfection!!!
We identified the challenge on our channel top and was waiting for a cross and lock above 1664 to open the upper levels. The cross and lock confirmed the targets and one by one 1679, 1693, and 1710 all HIT.
We will now trade the remaining level up using our cross and lock confirmation and any signal activation. We expect some retracement and would like to see some support re-tests to solidify the Bull run and to also provide safe opportunities to jump back in.
As advised throughout, we remain confident in our plans to continue to buy from support levels. Weather we buy or sell we do this separately and do not chase both directions at the same time. If you start taking sells as well, what's your psychology? Are you thinking bear or bull? Taming one animal in isolation is much easier than taming two at the same time. By all means take a sell IF THE ANALYSIS indicates so but don't make it a structural part of your directional plans and keep it light in case you need to do a quick U-turn.
Bullish Targets 1664 - DONE
EMA5 CROSS AND LOCK ABOVE 1664 WILL OPEN 1679, 1693 and 1710 - ALL TARGETS HIT
Bearish Targets 1640 1622
EMA5 CROSS AND LOCK BELOW 1622 WILL OPEN 1586
UPDATED SWING RANGE 1664
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!