Hi All,
In the short term, this will be a slow decent to the monthly support area as well as the 0.618 and sloping trend support area of confluence.
Note, Head and Shoulders likely to play out.
Lets see if and when it gets to 9250 to 9350, what the response will be.
Cheers,
S.Sari
In the short term, this will be a slow decent to the monthly support area as well as the 0.618 and sloping trend support area of confluence.
Note, Head and Shoulders likely to play out.
Lets see if and when it gets to 9250 to 9350, what the response will be.
Cheers,
S.Sari
Note
12 HRLY chart...bearish on the indicatorsNote
The response shows that the monthly region is where buyers are waiting.Either now or one more test to the bottom will secure the uptrend to continue.
Note
It is clear where the obstacle is, on the weekly.Its only a matter of time, a nice pullback will guarantee it. Here it can be possible but it will take longer.
Note
not looking good after that 800 dollar drop as it seems price action is respecting the upward wedge
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.