On daily chart we can draw approximate c&h pattern. If this is it, we can expect handle pullback. Probable level of pullback is somewhere around 4k5 - 0.382 and 0.618 Fibonacci levels are congested there, plus long term support can be seen. I'll wait for retest in these levels and if it won't turn south, jump into trade. Maybe it won't even come to this level, but let's monitor it.
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I put stop limit buy order at 5k82 in case this was the handle bottom. If it will close bellow 5k3, I'll cancel this order.
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Oh, and image:
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I changed stop limit buy order to 5k52.
BTW, this is not trading recommendation, these are just my thoughts, speak out loud. Don't find me responsible if you follow my ideas and lose money.
BTW, this is not trading recommendation, these are just my thoughts, speak out loud. Don't find me responsible if you follow my ideas and lose money.
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