August 2nd 2018 FKLI 15-Minute Setup

This will be a brief post as this is the 15-minute chart. Price has retraced quite dramatically today. There is no truly strong directional momentum on the larger timeframes, but there is a valid long trade setting up with the Blue Box at 1764.26-1767.61. Price is about to activate it, and a reversal pattern off this support zone would be an acceptable trade.

Good trading!

Kaye Lee
Head Trader Consultant