Good reaction on bull level. Upside targets.
Big bounce from the previous entry level: Big test area now. - by HoleyProfit (substack.com). Big one hour engulfing candle off the support. Closed strong on the hourly. If we can break the highs again, uptrend looks likely. Also long stops can now go under the wick low. Long thesis has failed if we do not rip now.
Let’s look at upside targets and also a bit at how we can determine if we are more inclined to fade a rally for a big bear move or follow it for a bullish breakout.
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