Chart update:
We need 2 more things to happen to indicate a move to the upside.
First, we need to break this short term trendline I put in green minor channel resistance at 525.
2. We need to break this 600 resistance zone.
Once we break those we are will be targeting this 675-700 zone. The more I analyze, the more I like putting large orders down in the 300-350 area to play a bounce and not use stops on this trade.
Trade save everyone, pick your points, don't stress and don't use leverage!
-Sherem
We need 2 more things to happen to indicate a move to the upside.
First, we need to break this short term trendline I put in green minor channel resistance at 525.
2. We need to break this 600 resistance zone.
Once we break those we are will be targeting this 675-700 zone. The more I analyze, the more I like putting large orders down in the 300-350 area to play a bounce and not use stops on this trade.
Trade save everyone, pick your points, don't stress and don't use leverage!
-Sherem
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