Amazing run we have had after a downtrendinf reistance breakout. We still should at least come back at retest 402-400 possibly even as low as another test of downtrendinf reistance at 396 at some point.
Market is ripping but starting to find some reistance at an area where previous wicks could get above but bodies couldn’t close above this level.
There is bearish divergents forming on 30 min 1 hour and 2 hour. As we can see price has been making higher high while rsi is making a lower high. This isn’t confirmed but it will be something to watch.
I do this if the market could claim above 406 and start using as support there could be a long trade but we have rallied pretty hard from the 393.55 low. Also FOMC is next week not that this is a cause for a drop. I will be carefully watchinf this 406 level to see if we can find some
Reistance and start a drop to find some real support
Market is ripping but starting to find some reistance at an area where previous wicks could get above but bodies couldn’t close above this level.
There is bearish divergents forming on 30 min 1 hour and 2 hour. As we can see price has been making higher high while rsi is making a lower high. This isn’t confirmed but it will be something to watch.
I do this if the market could claim above 406 and start using as support there could be a long trade but we have rallied pretty hard from the 393.55 low. Also FOMC is next week not that this is a cause for a drop. I will be carefully watchinf this 406 level to see if we can find some
Reistance and start a drop to find some real support
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.