We are interpreting the macro uptrend since the 2013 lows to have topped in December 2024, having already finished its first wave of decline and potentially started a new one that should bring price toward the macro support levels around the 50s.
Chart (Monthly):
Local resistance levels are at 105–117.
As long as price stays below them, there is risk of an immediate downside reversal.
Mid-term resistance zone: 122–158.
But even if price attempts one more retest of the June highs, as long as it stays below 158, we remain highly cautious of more decline in the coming months.
Chart (Weekly):
Chart (Monthly):
Local resistance levels are at 105–117.
As long as price stays below them, there is risk of an immediate downside reversal.
Mid-term resistance zone: 122–158.
But even if price attempts one more retest of the June highs, as long as it stays below 158, we remain highly cautious of more decline in the coming months.
Chart (Weekly):
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Keeping all closed trades public: belfed.com/equities-trades.html
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.