Potential Feb 2018 high retest?
Presented is a 1hr chart analysis with sentiment to retest Feb 2018 high of 156.500 range.
Currently we see confirmed support at 154.800 off our 156.000 retest. Current trend sentiment is set to retest 156.000 in attempt to breach and retest 156.500.
This is price action at its best in psychological levels using whole numbers as main support and resistance. Indicators are used for confirmation. RSI crossing 50 slowly while in an uptrend with high volume close outs is positive confirmation for continuation while SRSI is flat merging in overbought zone. MACD/SIGNAL are moving in a sideways direction and set to cross 0 line. A full cross will be positive confirmation for our high retest.
Please comment with thoughts and ideas. Thank you.
Currently we see confirmed support at 154.800 off our 156.000 retest. Current trend sentiment is set to retest 156.000 in attempt to breach and retest 156.500.
This is price action at its best in psychological levels using whole numbers as main support and resistance. Indicators are used for confirmation. RSI crossing 50 slowly while in an uptrend with high volume close outs is positive confirmation for continuation while SRSI is flat merging in overbought zone. MACD/SIGNAL are moving in a sideways direction and set to cross 0 line. A full cross will be positive confirmation for our high retest.
Please comment with thoughts and ideas. Thank you.
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