New cycle-up after the breakout of the previous swing high + descending trendline also violated.
A retracement back down towards the 50%-70% fib retracement may see buy-side action and present an interesting risk-reward opportunity.
Initial target at the previous highs with some extra position targeting the 7150. Stop placed below the previous swing low.
A retracement back down towards the 50%-70% fib retracement may see buy-side action and present an interesting risk-reward opportunity.
Initial target at the previous highs with some extra position targeting the 7150. Stop placed below the previous swing low.
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