Back to the daily structural support on futures (blue line) - tradingview.com/x/PkKqI2cY/. I'm expecting a stronger reaction here (or slightly lower) now that we're in a wedge and the hourly bull divergence is steep.
If they go lower for today it's not a huge problem, but I'd like to see this trendline hold by the weekly candle close. If they can't stay above the trendline (which is also near the weekly 200sma) for the week it will become more problematic. A strong sell from here to 3500 area will be more evidence for the bears and any retest of this trendline/weekly 200sma area will likely be a good shorting opportunity. Good luck!
If they go lower for today it's not a huge problem, but I'd like to see this trendline hold by the weekly candle close. If they can't stay above the trendline (which is also near the weekly 200sma) for the week it will become more problematic. A strong sell from here to 3500 area will be more evidence for the bears and any retest of this trendline/weekly 200sma area will likely be a good shorting opportunity. Good luck!
Nota
downtrend looks complete. under 3560 again and there's something wrong with the analysis. I'm buying dips from here.Penerbitan berkaitan
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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.