In addition (and contrast) to my previous post, there is likely to be a good profitable move up when price gets down to 14750/14215.
Price moved very strongly away from there in October - this suggested a lot of institutional interest to buy at that level. We want to buy where they buy and sell where they sell.
Targets will be the 17500s!
EP: 14750/14500 (depends on the investor)
SL: 14200 (risking 300 to 550 points)
TP: 17500+ (3000+ points. I'll take that!). Potential reward is nice.
Price moved very strongly away from there in October - this suggested a lot of institutional interest to buy at that level. We want to buy where they buy and sell where they sell.
Targets will be the 17500s!
EP: 14750/14500 (depends on the investor)
SL: 14200 (risking 300 to 550 points)
TP: 17500+ (3000+ points. I'll take that!). Potential reward is nice.
