I have marked key points of interest with two phases of bullish & bearish potential outcomes. No fancy TA, just intuition based off of the previous price action.
Bullish Scenario
Breaking above the green trend line we can anticipate a bullish continuation of the micro trend
Micro target 7700-7900
Macro target (if resistance is broken): 8300-8500
Bearish Scenario
Breaking below the 6500 mark we can anticipate a bearing continuation of the macro trend
Micro Target: 5700-5900.
Macro target (if support is broken): 4900-5000
Thanks for reading :)
Bullish Scenario
Breaking above the green trend line we can anticipate a bullish continuation of the micro trend
Micro target 7700-7900
Macro target (if resistance is broken): 8300-8500
Bearish Scenario
Breaking below the 6500 mark we can anticipate a bearing continuation of the macro trend
Micro Target: 5700-5900.
Macro target (if support is broken): 4900-5000
Thanks for reading :)
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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.
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.