So we broke a major resistance level. What do we do now?! Well; trading based fundamentals are not working anymore. So we are going to rely on TA.
Today the resistance level at 2980 broke. If this whole trend continues, then we will quickly reach the 78.6% fib. level. In case of a false break-out, we might head to lower levels, so, please acknowledge that: this is a very risky play.
In case the support level holds, my play looks like the following.
>Market buy: Now!
>Stop loss: fib level 61.8% (2932.8)
>Take profit: fib level 78.6% (3137.9)
Today the resistance level at 2980 broke. If this whole trend continues, then we will quickly reach the 78.6% fib. level. In case of a false break-out, we might head to lower levels, so, please acknowledge that: this is a very risky play.
In case the support level holds, my play looks like the following.
>Market buy: Now!
>Stop loss: fib level 61.8% (2932.8)
>Take profit: fib level 78.6% (3137.9)
