As shared yesterday we had an open gap target to 1687, which gave us the confidence to buy dips from deeper movement. Knowing FOMC will get priced in allowed us to stay out for the deeper move down and then BOOOM 1687 TARGET HIT on the ride up!!!
The range is still 1659 to 1687; We will be looking for a break of either of these levels for a continuation of the move. The chart setup is still valid and carefully placed support and resistance levels are still valid. Currently we are testing the 1687 range breaker level. EMA5 break above will open the range shift for the above range and a failure to lock will see price head for the swing range again.
Bullish Targets 1687 - DONE 1695 - LAST TARGET LEFT ON THIS SETUP
Cross and lock above 1695 will open targets to 1708, 1722, 1733
Bearish Targets 1671 - DONE 1659 - DONE
Cross and lock below 1659 will open targets to 1647 and 1641.
SWING RANGE 1647
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!