8,900 twice rejected, 3rd time shy
Bulls and Bears are fighting hard
Consolidation in the 8600-9000 range
BUT:
-Resistance at 8,900 (strong resistance, with 2 rejections on the daily)
-Bulls keeping EMA200 in play (strong rebound)
-3 black crows on the daily - strong bearish sign
-Parabolic SAR above candlesticks
Expecting a small push toward 8900-9100 before a correction towards 8100-8500 levels
Can open a Short
Entry - 8800 - 9050
T1: 8514
T2: 8346
T3: 8224 (expect a strong rebound here)
T4: 8000 (leave a runner for this target)
Stop: 9260 (slightly high to avoid fakeouts)
We will evaluate PA around the 8200 levels to determine our next course of action
Please support my ideas with your likes.
Also, this is not financial advise and any leveraged position you take should be restricted to the max amount you are willing to lose.
Consolidation in the 8600-9000 range
BUT:
-Resistance at 8,900 (strong resistance, with 2 rejections on the daily)
-Bulls keeping EMA200 in play (strong rebound)
-3 black crows on the daily - strong bearish sign
-Parabolic SAR above candlesticks
Expecting a small push toward 8900-9100 before a correction towards 8100-8500 levels
Can open a Short
Entry - 8800 - 9050
T1: 8514
T2: 8346
T3: 8224 (expect a strong rebound here)
T4: 8000 (leave a runner for this target)
Stop: 9260 (slightly high to avoid fakeouts)
We will evaluate PA around the 8200 levels to determine our next course of action
Please support my ideas with your likes.
Also, this is not financial advise and any leveraged position you take should be restricted to the max amount you are willing to lose.
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