Strong Momentum - 230 Initial Target
CME has a bullish setup that I've traded with success numerous times in the past. It repeats this pattern a lot.
Buy Zone = 217 - 221 (current level); Breakout level = 222
- Initial Target = 230 by 3/15/2024
- Then expect pullback to test 222-224 for support
- After that it will make a final leg higher to end this wave around 240-250 in April-May 2024.
CME is correlated with crypto moves but not dependent on them, so current BTC/ETH rally helps here, but doesn't really matter the CME setup drives itself.
Buy Zone = 217 - 221 (current level); Breakout level = 222
- Initial Target = 230 by 3/15/2024
- Then expect pullback to test 222-224 for support
- After that it will make a final leg higher to end this wave around 240-250 in April-May 2024.
CME is correlated with crypto moves but not dependent on them, so current BTC/ETH rally helps here, but doesn't really matter the CME setup drives itself.
Not
Stop loss 215, if it breaks below it has risk to 209-212 - in that case the next bullish leg would just be delayed.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.