LRC broke above 1500 then had a fairly bullish charge as soon as it did. This was significant Support/Resistance for more than a week.
The good thing is we have broken this barrier and have come back down to retest it. For the short term time-frame it is holding.
12Hr Time frame
We have the Fib Retracement tool showing a deep retracement to 0.786
The current 12 hour candle is forming a doji which is potentially a 'morning star' in the making if people see this bullish potential.
We have had a Bullish TK Cross which is good, but the Tenkan and Kijin are going to act as resistance around 1580+/- (Be weary)
We are below the cloud, but depending on how slow the move up is the Fib Extension targets (shown on the 3 hour) are definitely possible targets depending on the speed of this move.
3Hr Time frame
I have shown the Fib Extension tool, with targets being 1:1 up to 1:1.618. If we make this zone you can expect a 17-28% gain
Right now we're testing the cloud, a good close above the cloud will be cause of Bullish-bias.
The good thing is we have broken this barrier and have come back down to retest it. For the short term time-frame it is holding.
12Hr Time frame
We have the Fib Retracement tool showing a deep retracement to 0.786
The current 12 hour candle is forming a doji which is potentially a 'morning star' in the making if people see this bullish potential.
We have had a Bullish TK Cross which is good, but the Tenkan and Kijin are going to act as resistance around 1580+/- (Be weary)
We are below the cloud, but depending on how slow the move up is the Fib Extension targets (shown on the 3 hour) are definitely possible targets depending on the speed of this move.
3Hr Time frame
I have shown the Fib Extension tool, with targets being 1:1 up to 1:1.618. If we make this zone you can expect a 17-28% gain
Right now we're testing the cloud, a good close above the cloud will be cause of Bullish-bias.
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.