Long from the box to 1313 and 1323
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1292. Should reverse from here.
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As a rule of thumb I use ema 15 for trend-following.
As long as price doesn't close below, I am normally not worried.
As long as price doesn't close below, I am normally not worried.
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If anyone sits in unconfortable longs, they will have chance to unwind them @ 1303 as this level is a "must" as comeback.
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I wait for 1313 minimum though :)
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Please note that due to we dropped a bit longer down than what was healthy, we might test the 1289 level before we bounce up. Let's see what market gives tomorrow.
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Today's low hit a very important "trendline" and bounced. So "it's all good" for now.
Reason? Because it was too much in a hurry on CPI data, has to go back to fix things.