On 26 August 2020,
XJO was at 6161 and I said we will pull back to the moving averages and a big breakout will come...
The 2 day chart have shown us we have broke down to the down side.
This week, I said we need to close above 5836 on the weekly to stay bullish.
We did that.
However, it is not over yet.
The 2 day candlesticks DID NOT CLOSE this week, it will close next Monday and start a new candlestick on Tuesday 22/09/2020.
Furthermore, we have closed below all three moving averages 20,50,200 and from the past more downside will come in the coming days/weeks.
Therefore,
Monday will be a very important trading day,
Long - Close above 5919
Short - Close below 5836
If close below 5836, the 0.50 Fibonacci Retracement level is my next support....
XJO was at 6161 and I said we will pull back to the moving averages and a big breakout will come... The 2 day chart have shown us we have broke down to the down side.
This week, I said we need to close above 5836 on the weekly to stay bullish.
We did that.
However, it is not over yet.
The 2 day candlesticks DID NOT CLOSE this week, it will close next Monday and start a new candlestick on Tuesday 22/09/2020.
Furthermore, we have closed below all three moving averages 20,50,200 and from the past more downside will come in the coming days/weeks.
Therefore,
Monday will be a very important trading day,
Long - Close above 5919
Short - Close below 5836
If close below 5836, the 0.50 Fibonacci Retracement level is my next support....
منشورات ذات صلة
إخلاء المسؤولية
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منشورات ذات صلة
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.