The 59500 area has been tested multiple times. I believe we may go back higher from here, but what a coincidence - Its FED Day today !! however, until we get back above the angle 3, I would not play longs here. Please note TrapZone is Red with Red Bars below it, so keep an eye on the UMVD. Can you see a LAREGE CHANNEL ???
Note
Pivoting and testing the resistance area multiple timesNote
Note
Price came back up with GREEN UMVD and stopped with the 3rd angle down. Angle 2 is next. After that we can draw an angle going UP!Note
Note
Broke angle 2 and now sideways below 64700 resistance levelNote
Price testing the back of the DN angle 2, as Red UMVD pulled the price downward. Lets see If Buyers come in to push the price up and if we get a GREEN Bar for momentum Tomorrow!Note
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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.