Structure is still bullish and key support is at 4158 area. Although we have a new high and price presented nice momentum the profile pattern points to a day of consolidation with slightly more bearish tendency which should provide 4196 test. Having said that it is not easy to spot exact entry for this kind of pattern. Thus two possible scenarios. Definietly we will have more clues after tomorrow session as its more important part of this pattern.
Momo Trend: Long/turned to neutral.
HF/Master perspective: master index still shows short while hfpi made some room for even more bullish pressure.
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Hi Ignac,
What would be the stoploss level for both of these scenarios?
If there is no sl marked on chart then i wont go for more than 10 points below/above a given zone