ITI Prediction for Swing/ Posional Trading
First trendline breakout at Entry 1 level. You can entry at Entry 1 level above 125.5 but there is a resistance 132-134 level. You can enter in trade at Entry 2 level above 134 close daily basis or you can entry at any of the above levels according to your experience.
SLs- 122,118,112( according to your...
Chart is Self Explanatory. Purely a price action strategy.
Trend is the King.
On every Flag Breakout, there is a huge movement. Keep a close watch and be ready before a breakout.
As $ITI has not exhibited an upward EW pattern before, all we have to go off for a fractal match is to overlay the first and second waves. This gives us a pullback from the current position back the to 61.8% fib (around USD64) and then a further run up to a high of USD96 before falling back again.
Of course, as always this depends on the Chinese economy, and now...
