LINK - What can happen to it?
As a long term view, i cannot say with high probability what's going on but there is a energy point in view and a triangle created in between that area that can be a price target, there's no clear area of support or resistant in that area that fits perfectly but the best shot would be 19.522 since it's a valid swing high and must be broken if we want to see higher prices in future.
The swing has created an energy point too but not as valid as the next one since it has confluence with other pivots on the chart as well two bigger picture forks which one of them is a strong valid one and the other one isn't confirmed yet BUT we use it as confluence not for trade
to summerize, we can watch for 20.800 which is a round number too, to get short OR use it as a take profit target.
Have nice day
Ask me any questions you might have
The swing has created an energy point too but not as valid as the next one since it has confluence with other pivots on the chart as well two bigger picture forks which one of them is a strong valid one and the other one isn't confirmed yet BUT we use it as confluence not for trade
to summerize, we can watch for 20.800 which is a round number too, to get short OR use it as a take profit target.
Have nice day
Ask me any questions you might have
Penafian
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