Digging into the sub 29k region, we found support at 29800 levels.
i bought in today 6.20.22 during the NY session @ 3093 / 30102/ 30120 and i have a 30193 position opening up shortly.
This is a mini retest. I do not expect anything more than 30300-30400 level. The 30300 levels mimics the dec 20 levels which is right before the explosion to 30700s.
i don't deem this a TRUE breakout just a mini test.
*** i do have a short order pending at 30050 incase we do fail that would bring lower 29800 flash through to tap the weekly MA at 29300 which signals a FULL bear market and further chaos. ****
Commentaire:
This trade broke out and did almost EXACTLY what i anticipated it to do. This was a MINI test and it hit its impulse of 30700 and then retraced back to orgin AND back to the sell order at 30050 and then bounced back to its current 30500 level. I rode this on the buy, waited for retest and am back in for the 30800 and beyond.