From a cyclical standpoint, a CLOSE below the H1 cyclically derived breakout line may indicate a sharp decline, at least in to the demand zone!
Upcoming news event:
14:15 SWE Time: ADP Non-Farm Employment
The breakout line defines the energy boundaries—once price gathers enough momentum to break through, a strong acceleration is likely to follow.
Upcoming news event:
14:15 SWE Time: ADP Non-Farm Employment
The breakout line defines the energy boundaries—once price gathers enough momentum to break through, a strong acceleration is likely to follow.
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.