This Zone is the strongest accumulation Zone also seen in the Volume Profile on the left, while holding the Support (green dots) it's quite safe to enter a short Term long here and wait for a good Entry on lower TF (2h- 4h).
There is one Resistance Point before the Target that would be 1294.64, so this could be TP1 and TP2 the final target at 1344.25.
Bullish Momentum is still there as seen in the 2nd panel, Bearish Momentum is just an Extreme and not out of norm yet, so we buying the dip here.
There is one Resistance Point before the Target that would be 1294.64, so this could be TP1 and TP2 the final target at 1344.25.
Bullish Momentum is still there as seen in the 2nd panel, Bearish Momentum is just an Extreme and not out of norm yet, so we buying the dip here.
Comment:
Trade still looks good, but i'll take off 20% of my postion here on previous Resistance
Trade closed manually:
on election day closed.