Presented is a 1 hr chart directional analysis that sentiments a push to retest ultimate high.
Currently we see resistance at 2450.00. A breach and close out above may sentiment a bull run to retest key resistance to retest our high of 4200.00 range (with multiple resistance tests on the way).
I Mapped out key supports that must hold for the bulls in order to maintain a set up to breach through key resistance to retest our ultimate high.
Indicators are correlating volatile as RSI needs to breach 50 for continuation while MACDL/SIGNAl remain low in oversold zone. These lines must breach the 0 line for the bulls. SRSI needs to remain and pivot further into the overbought zone for bull sentiment.
DXY technical/fundamentals play a role on direction pending a continuation of todays volume surge.
Please comment with thoughts and ideas. Thank you.
Currently we see resistance at 2450.00. A breach and close out above may sentiment a bull run to retest key resistance to retest our high of 4200.00 range (with multiple resistance tests on the way).
I Mapped out key supports that must hold for the bulls in order to maintain a set up to breach through key resistance to retest our ultimate high.
Indicators are correlating volatile as RSI needs to breach 50 for continuation while MACDL/SIGNAl remain low in oversold zone. These lines must breach the 0 line for the bulls. SRSI needs to remain and pivot further into the overbought zone for bull sentiment.
DXY technical/fundamentals play a role on direction pending a continuation of todays volume surge.
Please comment with thoughts and ideas. Thank you.
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.