people are calling for 11.4k , imo For any upside I think we need to break the 9850-9900 Resistance level and close above it (Red box ) on HTF's. I think we get rejected by the 50 Day MA at 9860 . I will open my Shorts as oscillators ( MACD is very bearish on HTf's , RSI 44 (bearish) bullish above 50 ) 5D on MACD got a bearish cross and weekly is about to get it soon. I think we go test the 8.8k support ( green zone) and will look for longs around the 8.5k-8.8k region. If we break the 9900 resistance and close above it we may go up to the Monthly open which is sitting at 10760 and get rejected from there and come back down.
Trade closed: target reached
PP
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PP
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.