Top or bottom ? - MAJOR confluence in index futures:
Chart shows the combined 3 index. They are weighted so that a 1 point change will imply the same change in $ terms. (For weights see https://www.barchart.com/futures/contract-specifications/indices
The Prediction:
*Expansion of range
Direction: I assume random
- In the red box is a confluence of:
Support from 3mo chart (previous 2 candle) in purple
POC of Volume Profile
0.5 Fib of recent HH and LL.
Redbox marks current swing high and low
The Prediction:
*Expansion of range
Direction: I assume random
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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.