2021.11.19 Analysis
Daily Chart
Daily Bullish Bias remains on break above market structure point B @4723.50. Since 2021.11.10 low point A @4625.25 price has not had a 50% retracement to qualify for a change in market structure. Therefore overall Daily Bias remains Bullish.
1 Hour Chart
7 hours after the break above daily market structure @4711.75, price has moved lower into the previous internal swing 70.7% @4684.25 or point a, and then back towards the high 70% @~ 4712.00 or point b. It would appear to be a possible start of a Bearish internal market structure.
Bearish Price Projection favors a break below point a @4684.25 and lower to pair up sell stops @ 4668.00 and lower into the 1LC @4665 as a minimum price target.
Bullish Price Projection would see a continuation to the upside and a break back above points b and B on the daily chart in line with the previous break in market structure @4711.75.
Daily Chart
Daily Bullish Bias remains on break above market structure point B @4723.50. Since 2021.11.10 low point A @4625.25 price has not had a 50% retracement to qualify for a change in market structure. Therefore overall Daily Bias remains Bullish.
1 Hour Chart
7 hours after the break above daily market structure @4711.75, price has moved lower into the previous internal swing 70.7% @4684.25 or point a, and then back towards the high 70% @~ 4712.00 or point b. It would appear to be a possible start of a Bearish internal market structure.
Bearish Price Projection favors a break below point a @4684.25 and lower to pair up sell stops @ 4668.00 and lower into the 1LC @4665 as a minimum price target.
Bullish Price Projection would see a continuation to the upside and a break back above points b and B on the daily chart in line with the previous break in market structure @4711.75.
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.