It should be expected to have the occasional pullback. It has been a rough ride down, and shocked many that has been caught in the "bull hype". The mode lower by more than $ 800-900 was severe, and now I expect a range trade between $ 3,150 - 3,650
Ultimately we should see lower, and therefore would prefer SELL into rallies.
Strategy SELL @ $ 3,500-3,550 and place SL above $ 3,675 and take profit @ 2,950.
Ultimately we should see lower, and therefore would prefer SELL into rallies.
Strategy SELL @ $ 3,500-3,550 and place SL above $ 3,675 and take profit @ 2,950.