Current activity
current price hit resistance @ +/- 65EUR and bounced off
1H:
SMA 50 / EMA 21 crossed in the 1H interval, price action hitting the EMA 21 from underneath
2H / 4H: hammer and indecision patterns
1D:
indecision candle stick pattern
Potential scenarios
1) sideways action, before moving higher (move closely around MA and fib level 23.60%)
2) downward action / retrace to (in order)
2a) fib level 23.60%
2b) support level @ +/- 49.30
2c) support level @ +/- 41.82
3) upward, if it can strongly break through average and cross resistance at @ 65 EUR / unlikely
Note
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.
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.