I am still targeting the blue shaded area before i even consider a reverse swing trade. That area is around the 168-170. so that means technically i'm still a bull until that area is reached. That also corresponds to my TP3
Nothing technically suggests for me that the low @ 118 will be taken out..so i'm still building my trade plan on this target. The extreme area in my sell zone is the 185 level..basically wot this means is that i will be looking for a topping formation on the daily between the 170 and 185 level.
My force index is still bullish so no change there. near term target is 159 ( close to M_Gann - Yellow line)..
In the short term we could still go down to the 130's but as a swing trader - ultimately i do not expect the lows @118 to be taken out so i build my trades accordingly.
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