Target hit. Sideways movement on 1D. Neutral.

٨ أغسطس ٢٠١٨

The 12,509.40 TP has been hit twice since the last update but the 12,355.82 extension is so far unapproachable. The sideways trading on 1D (RSI = 48.770, CCI = -38.0362 and High Volatility on ATR = 167.4286) has since created a Triangle that is however near its exhaustion point. As a result we will be looking to scalp this narrowing range and short at 12,740 (TP 12,550) or long at 12,450 (TP 12,650).