BULLISH - FINDING SUPPORT AT 13898 & SECOND SUPPORT AT 13732. buyers will enter as this looks like a complete formation of inverted H&S. HOWEVER, Political instability such as the ongoing war can cause friction to the market, TRADE CAREFULLY!
We can see rejections off our trendline, BUYERS will enter once the trendline is broken. TRADE RESPONSIBLY.
We are in consolidation between resistance level 29520 & support level 29227. A solid break through resistance and we will head towards 29637 and possibly back to a new high however, a break below support level we might find a rejection on the trend line. A break away from the trendline and we will most likely be heading for support levels 28900. Fundamentals are...
A break away from this trendline and we will be heading downwards. The trendline contains many rejection points.
+ - 11959 serves as resistance. Break above this and we will be heading up. We have also established a trendline due to rejections, break of the trendline and we will be heading downwards.
Break of the trendline and we will be heading downwards. Fundamentals can affect this at any given time. Basic technicals.
Once the black trendline gets broken, buyers will enter then. Keep an eye out for key fundamentals.
12128 acts as a resistance & bounces off the trendline. Break the trendline + resistance, buyers will enter. However, due to Biden winning, stocks will open with a gap down. Break of the orange trendline and sellers will enter.
We are currently in a rising channel. Higher highs & lows with trendlines been respected. A break of any trendline can result in more buyers coming in OR sellers to take place. Biden looks to be winning, according to JP MORGAN & MORGAN STANLEY, if Biden wins we will see stocks fall so keep an eye out for fundamentals.
POTENTIAL pullback until 11310 +-. Buyers will enter as this is where both bearish & bullish trendlines cross each other. Break of both trendlines then sellers will enter.
As stated in my previous post, break of trendline and we heading up. We took over 350PIPS in my VIP group in under an hour. Well done to those who listened!
A break of the trendline & we will be heading upwards back into a bullish trend. There is support levels at 10862, break of that and we are heading for support level 10685 where buyers would enter. Very risky week due to elections, I suggest stay out the market until after the results have been released. New covid-19 stats could push us down.
Major support at roughly 11580. Once this is broken, sellers will enter. Yesterday we had "market manipulation" as it broke the support level but continued going up due to FUNDAMENTALS.