Good morning traders,
some of you have taken a long position yesterday, after the small inverted Head & Shoulder on a smaller interval seemed to break upwards. The target for this small IHS is roughly located just under the so important Yearly Pivot . The November is nearly finished and we will get new Monthly Pivots in a couple of days. To be honest, I am under the impression that it will be decided between the Channel Middle Line and the Yearly Pivot if this heads further down towards Quarterly S1 or will end this correcture. A bearish retest of that Yearly Pivot is within possibilities and would send us likely to the lower 6k´s.
To mention is the regular bullish divergence on this Daily and the fact it accepted again the Channel Support. We are not out of the woods, but have a new local low with a key-level to break, before further down-action. (blue)
Happy trading.
_________________
Neru
some of you have taken a long position yesterday, after the small inverted Head & Shoulder on a smaller interval seemed to break upwards. The target for this small IHS is roughly located just under the so important Yearly Pivot . The November is nearly finished and we will get new Monthly Pivots in a couple of days. To be honest, I am under the impression that it will be decided between the Channel Middle Line and the Yearly Pivot if this heads further down towards Quarterly S1 or will end this correcture. A bearish retest of that Yearly Pivot is within possibilities and would send us likely to the lower 6k´s.
To mention is the regular bullish divergence on this Daily and the fact it accepted again the Channel Support. We are not out of the woods, but have a new local low with a key-level to break, before further down-action. (blue)
Happy trading.
_________________
Neru
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.