276-283 is an important level. There are two possibilites at that level:
1. I will go long at 283, with a stop loss at 275.5 with a target of 315.
2. It could also form a head and sholder pattern, causing the price to go lower to 235 levels. If I get stopped out at 275.5, I might take a trade in the short side.
1. I will go long at 283, with a stop loss at 275.5 with a target of 315.
2. It could also form a head and sholder pattern, causing the price to go lower to 235 levels. If I get stopped out at 275.5, I might take a trade in the short side.
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