Weekly close day is here, now what?
Watching tonight's weekly close carefully, and barring any major moves up today, I'd imagine we keep ranging sideways for the time being. Holding the monthly open last night was a positive sign, but failure to breakout above this weekly demand at $8730 on any closes makes me think we'll probably see some lower retests around 8k. If $8800 gets hit again, likely triggering a lot of buy stops, things could really fly from there.
Related publications
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.
Related publications
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.