H1 : Nice recovery towards a high of 57'555, filling it its way the 61.8% Fibonacci retracement @ 57386 !
It failed, for the time being to breakout the clouds resistance area. Interesting to note that the last candles
get smaller and smaller...
Therefore, I would strongly suggest to watch carefully price action over the coming hours, as above the clouds
there is a very fragile zone(57500-60000)
BULLISH :
A breakout success would accelerate the upside move sharply (look at the shape of
the clouds !) and open the door for the psychological 60'000 area again
BEARISH :
On the downside, first support to be considered is the support uptrend line starting from the low reached yesterday
@ 51541 and which is currently around 56500; below, the Mid Bollinger Band which as usual should be seen as a very
good indicator for further development.
M15 : Currently in a uptrend channel and above the clouds which are in this time zone around the 56500 which coincides
also with the level of the H1 support trend line above mentioned.
CONCLUSION : WATCH THE CLOUDS !
It failed, for the time being to breakout the clouds resistance area. Interesting to note that the last candles
get smaller and smaller...
Therefore, I would strongly suggest to watch carefully price action over the coming hours, as above the clouds
there is a very fragile zone(57500-60000)
BULLISH :
A breakout success would accelerate the upside move sharply (look at the shape of
the clouds !) and open the door for the psychological 60'000 area again
BEARISH :
On the downside, first support to be considered is the support uptrend line starting from the low reached yesterday
@ 51541 and which is currently around 56500; below, the Mid Bollinger Band which as usual should be seen as a very
good indicator for further development.
M15 : Currently in a uptrend channel and above the clouds which are in this time zone around the 56500 which coincides
also with the level of the H1 support trend line above mentioned.
CONCLUSION : WATCH THE CLOUDS !
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.
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.