Expected downturn incoming. Will the levels hold?

9 feb 2022

No entry. Look to see a break to the upside for continuation of the pattern for a long. Retracement expected but will it break the channel? Look for short on retrace if channel is broken with confirmation.

9 feb 2022

Nota

Long Confirmation at 3250 with volume to the upside. Wait for retrace and bounce back to the upside.

Short Confirmation, breaks 2800 aggressively with volume, entry on retrace