Action presently hovering around fib and ma supports
the latest breakdown from the trading range confirmed by volumes, might be in every possibility phase e / markdown of presumed distribution in the trading range
but the rapid upthrust on volumes from the present lows yesterday, showed demand still exists at this level, and it was a full 5 wave impulse
although it lost all the gains subsequently, but failure to break to new lows, would change the analysis towards a phase c of a possible reaccumualtion, undergoing rapid shakeouts..
todays, price action will be very crucial for any further analysis
My bias is towards the bullish side, but i will have to see what the market does in the initial hours, based on the presence of supports.
disclaimer.... not an investing/trading recommendation
the latest breakdown from the trading range confirmed by volumes, might be in every possibility phase e / markdown of presumed distribution in the trading range
but the rapid upthrust on volumes from the present lows yesterday, showed demand still exists at this level, and it was a full 5 wave impulse
although it lost all the gains subsequently, but failure to break to new lows, would change the analysis towards a phase c of a possible reaccumualtion, undergoing rapid shakeouts..
todays, price action will be very crucial for any further analysis
My bias is towards the bullish side, but i will have to see what the market does in the initial hours, based on the presence of supports.
disclaimer.... not an investing/trading recommendation
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.