Parabolic moves up don't end well.
Trade attivo:
Resistance at $224 has been rejected and we broke below $217 price level. If we are not gapping up tomorrow, I expect this to continue to descend to close the 180 gap by the end of the week. Can be a turbulent flight.
Commento:
I would also take out profits at around $200, because it will be hard to break that psychological resistance.
Trade chiuso: obiettivo raggiunto:
Took profits at $200 support.