Overall opinion is to SELL ..
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
37.87 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 38.48.
We are currently trading below the crucial 52day low 19.70 , so cautiously looking for a stable level of support to BUY,...
Overall opinion is to SELL ..
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
3.70 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 2.50.
We are currently trading below the crucial 52 day low of 1.90 , so cautiously looking for a stable level of support to BUY,...
Looking to Buy in an area of value $254 and $310 targeting $824.10 the 1.618 Fibonacci level.
We need price to close above the $509 level to expose the target level of $824.10.
With the current pandemic the US economy has been hit severely by Covid 19 in a way the world has never seen before. With employment levels at an all time low despite the NFP figures saying there is an uprise in the economy. The sharp lockdown since March has seen a downfall in the hospitality, retail, technology and financial sectors. On the other hand...
