SGX [1-3 months view]

I expect SGX in the short term to pull back towards 8.70 as long as it is holding below 9.38. After which, we should see a bounce reaction from 8.70 towards the alternative case target at 9.75.

Essentially, this is 2 trading ideas in 1.

Part 1: SGX to push down towards 8.70
Part 2: SGX to bounce and move higher to 9.75 thereafter.

Reason being that price is still holding above the long term ascending trendline support.

Trade stängt: målet nått:

1st Trading idea TP at 8.70 reached.
Will probably update to see how price will move again.

It was a long shot to forecast too far into the future regarding how price would bounce after it has reached 8.70.