- February 24, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
11 days ago we took the best possible sell entry we could have as we shorted the exact top, calling for the best sell opportunity since December:
Right now the price is on a strong rebound, slightly higher than Support 1 (73.25) but with the 1D RSI on a confirmed reversal within its range. If you missed the bottom buy opportunity, wait for a 4H candle closing above the 4H MA50 (blue trend-line) as this was a confirmed buy opportunity on all previous three occasions (circles). First target at 78.50 and if the price closes above the Lower Highs (dashed) trend-line, we will re-buy targeting 80.00.