Folks, a perfect TD 9 buy, 128 EMA as support for a perfect bounce, what more to say ? This is a perfect exit zone for who had a short going on, at least for me.
Now we wait for the possible correction to the 10 K area of resistance, where there is also the intersection of the upper line of the triangle with the horizontal resistance area, adding to this the 0.382 Fib retrenchment in the range of 9852, could be a possible reentry in the short position, if things follows the medium term trend.
Remember that we are still in a Bull Market, the long and mid long MA and EMA are trending upwards, so we are still in a long term Bull run, in my opinion. There are many speculation about the break down/up of the triangle, I tend to stick to my chart patterns and follow it day by day.
Now we wait for the possible correction to the 10 K area of resistance, where there is also the intersection of the upper line of the triangle with the horizontal resistance area, adding to this the 0.382 Fib retrenchment in the range of 9852, could be a possible reentry in the short position, if things follows the medium term trend.
Remember that we are still in a Bull Market, the long and mid long MA and EMA are trending upwards, so we are still in a long term Bull run, in my opinion. There are many speculation about the break down/up of the triangle, I tend to stick to my chart patterns and follow it day by day.
Trading and analysis are two different skill sets. A tiny percentage of traders possess both capabilities. TA, investor and Developer. Space engineer - CFA
