I'm expecting to go up.

The correct construction of diagonal resistance I see these tops.
There is a visible daily level of 107.8.
The price came under resistance with a positive MACD
and a hidden bullish divergence.
Can't ignore it.

Note

If you open the hourly chart, you can see that the candle did not break off the diagonal, and the week closed even with the entry of the candle into the cloud. On Monday we will already see that there is a hidden bullish divergence and the struggle continues. During the week the diagonal resistance should be overcome.

Note

Yes, there could be a bear trap here.

Note

The process is evolving.

Note

"Twelve of the 18 members of the rate-setting committee projected at least two more rate hikes this year, according to the members' projections released last month. Four envisioned one more increase. Just two officials foresaw keeping rates unchanged.
...
Powell has said that while a hike at every other meeting is possible, so is the prospect that the Fed might decide to raise rates at consecutive meetings. Economists and Wall Street traders consider a rate hike at the Fed's next meeting in three weeks to be all but assured.

The Fed's staff economists have continued to forecast a "mild recession" for later this year. They presented a similar forecast at the Fed's prior two meetings."

CBS NEWS.

Note

Alas, no, it failed to develop momentum.
Now it will bounce from one of two levels

Order cancelled

Note

averkie_skila

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.

averkie_skila