AutoMarkets

AutoMarkets

1-Hour Chart Analysis: 1. Symmetrical Triangle Formation: • The price is consolidating within a symmetrical triangle. This pattern suggests indecision in the market and typically precedes a breakout, either upward or downward. • Key levels to watch: • Breakout above 21,400: Indicates bullish momentum, potentially targeting higher resistance...

AutoMarkets

1-hour timeframe: 1. Key Levels: • Resistance: 192.566 and 192.322 are acting as major resistance zones, where price has struggled to break through. • Support: Around 190.818 and 191.172, these are acting as support levels after the recent rejection. 2. Price Action: • The market shows significant volatility, with a sharp rejection from lower levels around...

AutoMarkets

The price is showing signs of consolidation after a significant recovery, with bullish momentum evident. The recent movements indicate that NAS100 is attempting to retest key resistance levels while holding above critical support zones. Key Observations: 1. Trend Structure: • The price is currently trading within an ascending channel or trend, with higher highs...

AutoMarkets

Key Observations: 1. Moving Averages: • The chart has a red line (likely a longer-period moving average, such as the 200 EMA) and a blue line (likely a shorter-period moving average, such as the 50 EMA). • The price recently crossed above the shorter moving average, indicating a potential short-term bullish momentum. • The price is testing the longer moving...

AutoMarkets

Technical Analysis: Trend: • The market is still in an overall uptrend, given the ascending channel structure. • However, the recent break below the midline and rejection at the upper boundary suggest possible short-term bearish momentum. Key Levels: 1. Support: • 21,200–21,220: Current price level and a critical area to hold. A break below could lead to...

AutoMarkets

Current Market Structure: 1. Trend Analysis: • The price is still within a well-defined ascending channel. • The recent price action shows a pullback toward the channel’s midline after hitting resistance near the upper channel boundary. 2. Key Levels: • Resistance: • 21,400–21,500: Price is near this key zone, which aligns with previous swing highs. A break...

AutoMarkets

As we can see it is still within channel parameters. No sign of a breakout yet. Will continue to watch for more.