At this level I'm cautiously long. I see this price action as consolidation for the next leg up. Momentum has faded substantially on the hourly charts, but we still look strong on the daily timeframe.
[resistance]
In my previous update (linked) I mentioned $1917.51 as an important level. Its the first level I'm watching today followed by $1925.56 which is a historic level that price reacted around. Once we break through that, my sights are set on $1942.56.
[support]
We've had a good jobs report, which should keep us bullish but we could still easily see a dip at open. The levels I'm watching are $1894.89 (strong) followed by $1884.00. I don't think we get lower than that today, but it's always possible to see an excessive dip, if that happens I'm watching the volume node at $1874.47 level. Below that, and we need to step aside and re-evaluate.
[resistance]
In my previous update (linked) I mentioned $1917.51 as an important level. Its the first level I'm watching today followed by $1925.56 which is a historic level that price reacted around. Once we break through that, my sights are set on $1942.56.
[support]
We've had a good jobs report, which should keep us bullish but we could still easily see a dip at open. The levels I'm watching are $1894.89 (strong) followed by $1884.00. I don't think we get lower than that today, but it's always possible to see an excessive dip, if that happens I'm watching the volume node at $1874.47 level. Below that, and we need to step aside and re-evaluate.
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Penerbitan berkaitan
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.