U Analysis
Notes
weekly:
- current support level ~@107.42 - 115.30
- next support level ~91.78 - 93.93
- bearish candle
- was in an uptrend
- broke the uptrend
daily:
- last two candles: buyers tried to dominate the market but it's not enough; long upper shadow -> buyers bid a higher price but sellers drove the price back to the end the session near the open price
- no sign of reversal
- small resistance level @126-130
-> needs to break this resistance level to reverse the trend again
this is just an analysis from me
weekly:
- current support level ~@107.42 - 115.30
- next support level ~91.78 - 93.93
- bearish candle
- was in an uptrend
- broke the uptrend
daily:
- last two candles: buyers tried to dominate the market but it's not enough; long upper shadow -> buyers bid a higher price but sellers drove the price back to the end the session near the open price
- no sign of reversal
- small resistance level @126-130
-> needs to break this resistance level to reverse the trend again
this is just an analysis from me
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.