This is an update to my last post, we have now hit our target for double bottom on Monday 2am, we did not follow pattern exactly but we did hit target. I am longing a position now until 60K. There is not a big bullish divergence on the RSI so we may not have enough steam to 60K but my first TP will be 58K.
We should close the CME gap on Monday at 60K however, is my expectation.
I expect we will trade sideways from 55K - 60K for another week.
We should close the CME gap on Monday at 60K however, is my expectation.
I expect we will trade sideways from 55K - 60K for another week.
