Trade of the Day
Monthly: Holds within a bullish channel and trades around the mid-point of this channel. All-time high sits around 7900 area. For the last 4 months dips have attracted buyers. 
Weekly: A 5-wave Elliott Wave patterns looks to have recompleted at 7904. The move lower has found buyers close to the 50% pullback level of 6700 from 5494-7904
4-Hour: Price action looks to be forming a bullish hammer after the early dip has been bought into. The 261.8% Fibonacci extension level sits around 7520. Intraday dips continue to attract buyers. Further upside is expected as bearish momentum starts to fade.
Action: We look to buy & current levels and on a dip to 7370
Stop: 7340
Targets: 7500 & 7550
