Hello everyone. It's been volatile for the past few days, especially after the higher-than-expected inflation came out last week. Investors were pretty concerned of the possible 1% rate hike. Two fed officials lowered the possibility that buyers came in again to try to take the control back.
With a higher low and same high structure formed on the daily, I think market is getting momentum to the upside. The key level is likely to be penetrated through. I got my confirmation on the volume marked on the chart.
It seems that after 34% drop from the peak created last November. Sellers need to take some rest. The key level is around 12900 where I expect huge selling pressure sits.
What do you think? Give me a like if you're with me.
With a higher low and same high structure formed on the daily, I think market is getting momentum to the upside. The key level is likely to be penetrated through. I got my confirmation on the volume marked on the chart.
It seems that after 34% drop from the peak created last November. Sellers need to take some rest. The key level is around 12900 where I expect huge selling pressure sits.
What do you think? Give me a like if you're with me.
plan your trade and trade your plan
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.
plan your trade and trade your plan
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.