📈 Daily Timeframe Highlights:
📉 Weekly Downtrend Overview:
- RSI Movement: RSI is crossing above the 13 and 55 SMAs.
- First Resistance Zone: Approaching around the S2 Quarterly Pivot Point.
- Potential Target: The price could reach the second resistance zone, coinciding with the arrival of the 55 SMA at that level.
The RSI is crossing above both the 13 and 55 SMAs. With the price reaching the 13 SMA, we are currently approaching the first resistance zone, located around the S2 Quarterly Pivot Point.
Based on the divergence shown in the RSI Difference indicator and the recent RSI cross above the 55 SMA, it is likely that the price could reach the second resistance zone. This is expected to align with the arrival of the 55 SMA at that level.
📉 Weekly Downtrend Overview:
- Indicators: The 13 SMA has crossed below the 55 SMA, confirming a downtrend.
- Wave Analysis: Currently in the second retracement of wave 3, which should outlast the first retracement (per Elliott Wave theory).
- Projection: Wave 4 retracement may reach the 13 SMA.
Dagangan aktif
After the initial rejection from the first resistance zone, the projection remains valid. Indicators continue to signal an uptrend pattern, and the price structure remains unchanged.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.