Although there will be a counter move somewhere/some time against this recent push up, I'm more willing to be a buyer on weakness into the GREEN zone shown -- just as long as price doesn't cross over 7650/7700 beforehand. Should that happen, then retrace entries get tricky for me.
Overall, I still expect price to move up to First Target (7650), Second Target (7700) with a higher probable target in the RED zone (7750) -- where I will wait for potential bias change to the downside and sell rallies.
Any selling (after the first two targets are met) back down to the GREEN zone, may serve as a temporary floor/bounce, before moving under 7500.
Overall, I still expect price to move up to First Target (7650), Second Target (7700) with a higher probable target in the RED zone (7750) -- where I will wait for potential bias change to the downside and sell rallies.
Any selling (after the first two targets are met) back down to the GREEN zone, may serve as a temporary floor/bounce, before moving under 7500.