Sive Morten
Special Consultant to the FPA
- Messages
- 18,664
Greetings everybody,
So, yesterday we've got the pullback, but only to 1960 and it was very fast. Now market is knocking to the previous top. Still, we do not expect too extended action around 2000, just because it is overbought. Thus, it seems that for now it would be better to use just near standing ones.
On 1H chart we have 2013-2015$ area of upside OP and potential butterfly pattern that yet to be formed:
So, let's focus on them for now. If you decide to participate - wait when butterfly shape will become more evident, and could try to buy at the bottom of right wing with stops under the pattern. Target - 2013-2015$.
So, yesterday we've got the pullback, but only to 1960 and it was very fast. Now market is knocking to the previous top. Still, we do not expect too extended action around 2000, just because it is overbought. Thus, it seems that for now it would be better to use just near standing ones.
On 1H chart we have 2013-2015$ area of upside OP and potential butterfly pattern that yet to be formed:
So, let's focus on them for now. If you decide to participate - wait when butterfly shape will become more evident, and could try to buy at the bottom of right wing with stops under the pattern. Target - 2013-2015$.
