This is our monthly chart long term projection chart. We have been tracking this chart since July and now completed this chart idea hitting all our targets perfectly with a perfect finish on the channel top. - BOOOOOM!!!!
We are now seeing the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test, also inline with the channel half line.
We will see a reaction on this channel half line for another push up to retest the upper range again or a break below the channel half line will open the range below.
Trying to chase the right target is like chasing your tail. The best strategy to trade this, is by having a long term plan. We will continue to buy dips using our smaller timeframes and use the support ranges on this chart to plan our long term exposure to market.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
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