7700 is the final frontier for this dump

2020年3月9日

Good morning traders!

What a dump we've had. Its all in the charts
Levels have breached beautifully, please refer to my previous idea.

We have made over 70% at 10x on this short call. Hope you guys liked it.

Now, this looks like a panic dump along with global equities. People are just selling and sitting on cash. So:

- Expecting a strong support at 7700 level (last tested Jan 10) where we can consider taking a long for a rebound. We will wait for PA confirmation
- Risk takers can open long position at that level and target 8000 - 8200
- Tight stop loss 7500
- RSI is way oversold so looking for a respite bounce
- Notice that this massive dump was taken on low volumes so not sure of its sustainability
- This trade is risky - open a small leveraged position - maybe 1 - 1.5% of capital

Lets see how this one plays out

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