We look to Sell at 13260
The medium term bias remains bullish
Price action has formed an expanding wedge formation
We have a 78.6% Fibonacci pullback level of 13307 from 13380 to 13040
Negative overnight flows lead to an expectation of a weaker open this morning
Further downside is expected and we prefer to set shorts in early trade
Expect trading to remain mixed and volatile
Stop: 13330
Target 1: 13025
Target 2: 12900
The medium term bias remains bullish
Price action has formed an expanding wedge formation
We have a 78.6% Fibonacci pullback level of 13307 from 13380 to 13040
Negative overnight flows lead to an expectation of a weaker open this morning
Further downside is expected and we prefer to set shorts in early trade
Expect trading to remain mixed and volatile
Stop: 13330
Target 1: 13025
Target 2: 12900
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.