VET 4hr chart updates.
2/05/22
4HR- Tapped weekly and reacted nicely, moved away from MO, gained support on the daily pivot and now finding resistance at previous swing high WO/DO and daily s/r.
reject here and possible move more to the downside. We are on the Floor on a macro scale and a close below the weekly s/r 0.04454 then we will be heading to the weekly s/r at into 0.03974 which is getting into old structure from Feb 2021.
LTF- 5m-there was a scalp short opportunity on the 5min TF at the swing fail currently about 3% drop.
30m- looking for a confirmation lower high on the 30mins preferably at the DO and daily s/r before taking a short position.
could find support again at daily pivot and this would be a good TP area and re evaluate.
OR a 4hr gain of the DO/WO and look for confirmation.
A gain of the upper blue structure line and will be looking to re evaluate for possible long term long positions.
4HR- Tapped weekly and reacted nicely, moved away from MO, gained support on the daily pivot and now finding resistance at previous swing high WO/DO and daily s/r.
reject here and possible move more to the downside. We are on the Floor on a macro scale and a close below the weekly s/r 0.04454 then we will be heading to the weekly s/r at into 0.03974 which is getting into old structure from Feb 2021.
LTF- 5m-there was a scalp short opportunity on the 5min TF at the swing fail currently about 3% drop.
30m- looking for a confirmation lower high on the 30mins preferably at the DO and daily s/r before taking a short position.
could find support again at daily pivot and this would be a good TP area and re evaluate.
OR a 4hr gain of the DO/WO and look for confirmation.
A gain of the upper blue structure line and will be looking to re evaluate for possible long term long positions.
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.