This one came in as a 60% probability of trade success and i see why.
Nothing is certain but here is the TA
Overview (HD 3H Chart)
Trend & Momentum:
Price is consolidating near 385, with recent lower highs suggesting a cautious bias. The 50/200 MAs hover above current levels (around 400–405), creating overhead resistance. Stoch RSI is in a lower region, hinting at a possible short-term bounce.
Key Levels:
• Immediate Support: 380–385
• First Resistance: 400–405
• Secondary Resistance: 417
Short-Term Trade (1–2 weeks)
• Bullish Setup: Buy on a break above 390, target 405. Stop ~385.
Success Probability: ~60% (assuming a bounce from current oversold conditions)
• Bearish Setup: Short on a close below 380, target 370. Stop ~385.
Success Probability: ~40%
Near-Term Outlook (2–4 weeks)
If price holds above 400, a push to 417 is plausible. Failure to reclaim 390 or a breakdown under 380 would likely extend downside pressure.
As always. This is not financial advice.
Nothing is certain but here is the TA
Overview (HD 3H Chart)
Trend & Momentum:
Price is consolidating near 385, with recent lower highs suggesting a cautious bias. The 50/200 MAs hover above current levels (around 400–405), creating overhead resistance. Stoch RSI is in a lower region, hinting at a possible short-term bounce.
Key Levels:
• Immediate Support: 380–385
• First Resistance: 400–405
• Secondary Resistance: 417
Short-Term Trade (1–2 weeks)
• Bullish Setup: Buy on a break above 390, target 405. Stop ~385.
Success Probability: ~60% (assuming a bounce from current oversold conditions)
• Bearish Setup: Short on a close below 380, target 370. Stop ~385.
Success Probability: ~40%
Near-Term Outlook (2–4 weeks)
If price holds above 400, a push to 417 is plausible. Failure to reclaim 390 or a breakdown under 380 would likely extend downside pressure.
As always. This is not financial advice.
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.