End of day update:
The market moved as we wanted into the higher levels but it just didn't go to plan unfortunately. Ideally we wanted the pullback into support then the opportunity to go long into those higher levels and then the opportunity to hunt the short. Instead, well, you can see what happened. Markets gapped on fear and although we hit the Excalibur targets the only opportunities were from the micro support levels to take the longs or for the runners on the longs we took last week if left.
So what now? Would like to see where they close this today and if the swing high completes on the close. If so, tomorrow's early sessions could give bears some breathing space and give the opportunity to short back down into the 1870-75 region as the initial support level. For now, will be fishing the rest of the day.
The market moved as we wanted into the higher levels but it just didn't go to plan unfortunately. Ideally we wanted the pullback into support then the opportunity to go long into those higher levels and then the opportunity to hunt the short. Instead, well, you can see what happened. Markets gapped on fear and although we hit the Excalibur targets the only opportunities were from the micro support levels to take the longs or for the runners on the longs we took last week if left.
So what now? Would like to see where they close this today and if the swing high completes on the close. If so, tomorrow's early sessions could give bears some breathing space and give the opportunity to short back down into the 1870-75 region as the initial support level. For now, will be fishing the rest of the day.
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
