Latest technical analysis and operative strategy released by our analysts.
Our current position’s delta: 0.12
Scenario: ABCDE structure looks prevailing in a flag continuation pattern. In a cautious market, we revised our target area to $78.50.
Upon reaching the target we will rebalance the position’s delta and we will consider wave4 close.
Only on a breakout of area $74.90 we will consider wave4 close at the current price level, and a delta de-balancing to negative (short) with a first target of wave5 in area $74/$73.80.