Short term opportunity for a LONG.
Context:
Market: strong
Ticket weekly: Up wave
Ticket daily: Up wave
Ticket 1h: uptrend, consolidation (down wave)
Last day:
Gap-up open, price didn't find much support from buyers and was rejected. Rejection wasn't strong enough (price didn't reach prev day low), which shows lack of strong sellers interest.
Conclusion:
The context is still very bullish. There is a short term LONG opporunity but only if price sets hourly higher low above 289. Depending on where it happens the profit target can be either around 293 or 295 and higher
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
Context:
Market: strong
Ticket weekly: Up wave
Ticket daily: Up wave
Ticket 1h: uptrend, consolidation (down wave)
Last day:
Gap-up open, price didn't find much support from buyers and was rejected. Rejection wasn't strong enough (price didn't reach prev day low), which shows lack of strong sellers interest.
Conclusion:
The context is still very bullish. There is a short term LONG opporunity but only if price sets hourly higher low above 289. Depending on where it happens the profit target can be either around 293 or 295 and higher
Disclaimer
I don't give trading or investing advices, just sharing my thoughts