SECOND LEG UP TO THE UPPER CHANNEL
WE HOPE A GOOD GAP TO PASS THE 13.400 ZONE, AND RUN TO THE UPPER LEVEL MAKING NEW HIGHS. THE 12.800 WORKED LAST WEEK AS A 3 TOUCH CHANNEL DOWN WITH LONG BREAKOUT PROJECTION.
IF THE NEW MAX FAILS, THE 12.800 SUPPORT WILL DIE, WITH THE FIRST TARGET ON 12600, AND 12.200
Since 2016 we are in a Bull trend. Now we are in the middle of a range of distribution, so we have to wait to the final show (fireworks) with volatility raising, new max and happy news.
In the short time, yesterday was a lose oportunity to falldown into the lower zone channel, a rejection with big volume in 12800 (a relevant block of 149 sell marketorders in the...
I need to see a false break of the secondary channel in the higher level to trap more people and fall into lower levels and leave an entry setup to test the max and the higher primary channel.
