THE KOG REPORT - UpdateEnd of day update from us here at KOG:
That was a difficult move to capture! I would not blame anyone for getting frustrated and FOMO'ing. Thankfully, we stuck to our guns, price was manipulated but our targets are completed as is the move we highlighted on Sundays KOG Report. I even say here and thought what on earth are they doing, but, we gave a level of 3318 as the line in the sand, we bounced before that and BOOM, all Excalibur targets completed in one go.
Now, we have support below at the 3340-45 level which is where they may settle for the session, above 3340 we're still likely to see a retest of the level, however, we said there is a curveball this week, and look at what is happening. Can't remember the last time I saw price action this bad!
Price: 3337
RED BOXES:
Break above 3350 for 3355✅, 3362✅, 3370✅ and 3376✅ in extension of the move
Break below 3335 for 3330✅, 3322✅, 3320✅ and 3314 in extension of the move
As always, trade safe
KOG
