If this is legitimate bull run , 9.5k should fall - If not , 9.5 will hold. very simple. All the best guys, This is getting harder to trade.
Note
bear scenario in red, bull in green.Note
Not 100% bull yet, Weekly close too nearby - i am waiting for weekly close before flipping my bias. I will be honest, i dont have balls to go long at these levels.Note
short manage position based on weeky close..as usual gonna b managing this position based on lower tf, will let u guys know if i exit the short.Note
The red lines are crucial areas. Any hesitancy to break these lines would indicate trouble for bears.Note
the red lines being ~9200 and ~9k needs to break convincingly..Till then watch charts closely.Note
out for nowOrder cancelled
Trade active
9450 level to be watched. Miserable weekend Price action incoming.Note
re entered short. invalidation on 4h or daily closing above 9500.Trade active
Note
bearish bias only as long as ~9450-9500 holds as resistance, clean break would be neutral.Note
taking some profits off near 9k is not a bad idea imo. Wait and see if it breaks on daily before re-shorting.Note
still short from 9.4k area...as i said 8.9 offers very strong support - lose 8.9 and this is headed much lower.Note
im out for now. Will re-enter once 9k breaks for now this might go up.Trade closed: stop reached
Done. Waiting for 9k break next before continuing short idea.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.