invezted.com
Context:
after topping out at 12400 we are in a decline contained within a down channel
Location:
price formed a range with support at 10795ish and resistance beeing 11820ish just shy
of the 50% retarcement of the previous rally at 10365, we currently reside at the support level
Price Action:
after a drop near the resistance level of 11820ish which resulted in alower high we
formed another minor range between support 10905ish and resistance 11123ish
Conclusion:
Intradaywise one should take a look at the minor range and wait till price trades at eitherside ,
OTOH a breakout or down can be used as an entry for a continuation in the breakout direction.
swing and or position traders should wait till price trades at the extremes
of at least the daily TF range res.11820ish sup.10795ish
support:
10905
10795
10365
resistance:
11123
11250
11826
Context:
after topping out at 12400 we are in a decline contained within a down channel
Location:
price formed a range with support at 10795ish and resistance beeing 11820ish just shy
of the 50% retarcement of the previous rally at 10365, we currently reside at the support level
Price Action:
after a drop near the resistance level of 11820ish which resulted in alower high we
formed another minor range between support 10905ish and resistance 11123ish
Conclusion:
Intradaywise one should take a look at the minor range and wait till price trades at eitherside ,
OTOH a breakout or down can be used as an entry for a continuation in the breakout direction.
swing and or position traders should wait till price trades at the extremes
of at least the daily TF range res.11820ish sup.10795ish
support:
10905
10795
10365
resistance:
11123
11250
11826
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.