Although not ALWAYS reliable, the diamond pattern has yielded some nice results in the past and even though we've been looking for 6.2-3 level since the start of April, this gives us more confirmation of where we might be heading soon IF 6.5 can't hold.
From the break down outside our target sits around the 6249, which just also happens to be our POC for this range.
We've got a small pullback here from our target at 6500 and we need to hold this level otherwise the low 6's are on the cards.
Not sure the bears are done just yet..
Please LIKE OR SHARE YOUR THOUGHTS BELOW
Stay safe and well friends.
From the break down outside our target sits around the 6249, which just also happens to be our POC for this range.
We've got a small pullback here from our target at 6500 and we need to hold this level otherwise the low 6's are on the cards.
Not sure the bears are done just yet..
Please LIKE OR SHARE YOUR THOUGHTS BELOW
Stay safe and well friends.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.