In my last update, I told you that we were at major support (above 20.7k), but that personally I was interested in 19.3-19.9k
We ended up consolidating above support for a couple of days, before breaking the range to the downside, and headed to the area I was looking for.
So what would I like to see here?
I still want to see just a bit lower, for a couple of reasons:
- We have more confluence around 19.5k
- We hit support at the start of the weekend (today)
If I miss a bounce here, I don't really care, I can look for a long on a reclaim of the daily at 20.8k if I think it's worth it.
Any questions?
Good luck traders
Remember not to break your rules
Habib
We ended up consolidating above support for a couple of days, before breaking the range to the downside, and headed to the area I was looking for.
So what would I like to see here?
I still want to see just a bit lower, for a couple of reasons:
- We have more confluence around 19.5k
- We hit support at the start of the weekend (today)
If I miss a bounce here, I don't really care, I can look for a long on a reclaim of the daily at 20.8k if I think it's worth it.
Any questions?
Good luck traders
Remember not to break your rules
Habib
