THE KOG REPORT - Update

22 Oca

End of day update from us here at KOG:

We wanted a deeper pull back to be honest but only managed that 2745 level before the push up. Since then we've only managed scalps on the red boxes with an Excalibur target active but volume thinning out over the last few hours.

We have drawn a box with the potential range, key level support at 2740 and resistance 2785-90, ideally wanting this to break above the red box and confirm it wants to go higher. This range here however is playing the 20/10 range so until then we can't make any further moves.

Our ideal entry level was 2750 which some took and are now protected, otherwise support 2750 if broken look for 2740 and a potential tap and bounce.

KOG’s bias of the week:

Bullish above 2680-5 with targets above 2720✅, 2730✅, 2735 and above that 2745✅
Bearish on break of 2780 with targets below 2670 and below that 2766

RED BOX TRADERS:

Break above 2704 for 2710✅, 2716✅, 2735✅ and 2733✅ in extension of the move
Break below 2695 for 2788, 2682, 2680 and 2665 in extension of the move

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As always, trade safe.

KOG

23 Oca

İşlem kapandı: hedefe ulaştı

Short down, target reached. We're happy with that for today, bounces are available for scalps to the upside