Weekly Bias
Looking at how the week performed after reqching an all time high at around 3500 the price fell to close at around 3316. And that is lower that 3356 closing lower to prior week’s high. This tells me that next weeks possible target will be last week’s low (3259) or old weekly lows (3193) which happens to be a weekly fair value gap (W FVG)
Looking at how the week performed after reqching an all time high at around 3500 the price fell to close at around 3316. And that is lower that 3356 closing lower to prior week’s high. This tells me that next weeks possible target will be last week’s low (3259) or old weekly lows (3193) which happens to be a weekly fair value gap (W FVG)
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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.