Good morning Traders. We are in critical moment in US markets. Did they TOP already ? gamble on the answer will be a foolish thing.
Here @ 2hr chart, the bulls sign's remain. BUT we did see yesterday that BEARS don't listen to RSI :)
SO, remember the pivot trade style (orange lines - P, S1,S2,R1,R2). i will expect price to climb towards PIVOT line, in extreme might break it up roward .618% retrace.
BUT it can all fall back, if US market did top and start to reverse. In this case 12050 will be our bottom line, which from there we can consider LONG buy.
TRADERS, setting up a TARGET in this critical time is for gamblers. we don't gamble. we trade the waves. ride the DAXI.
Here @ 2hr chart, the bulls sign's remain. BUT we did see yesterday that BEARS don't listen to RSI :)
SO, remember the pivot trade style (orange lines - P, S1,S2,R1,R2). i will expect price to climb towards PIVOT line, in extreme might break it up roward .618% retrace.
BUT it can all fall back, if US market did top and start to reverse. In this case 12050 will be our bottom line, which from there we can consider LONG buy.
TRADERS, setting up a TARGET in this critical time is for gamblers. we don't gamble. we trade the waves. ride the DAXI.
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A Better look
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classic double bottom - on PIVOT line - it's a good entry point.
s3.amazonaws.com/tra...shots/2/2iZxAu5Y.png
s3.amazonaws.com/tra...shots/2/2iZxAu5Y.png
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