GC has completed its initial objective target from the M DIR 4106 trading 2APMDs to 4513. IF the MKT is good, a held trade of the PYC 4504 will tee up a test of the R level at 4617 and WHAT IF higher.
4617 defines the regime for the balance of the month, and is the line in the sand for the current regime. A held trade over the figure is a sign of strength and is not one to fade.
However, under the current conditions the expectation for slowing in the momentum within the zone of 4504 - 4617 is to be expected as we head into the SETTLEMENT PHASE of the month.
A break of 4410, on negative price structure tees up a retest of 4306 initially and a WHAT IF scenario to the month's open at 4107.
Keep it tight, and good luck.
4617 defines the regime for the balance of the month, and is the line in the sand for the current regime. A held trade over the figure is a sign of strength and is not one to fade.
However, under the current conditions the expectation for slowing in the momentum within the zone of 4504 - 4617 is to be expected as we head into the SETTLEMENT PHASE of the month.
A break of 4410, on negative price structure tees up a retest of 4306 initially and a WHAT IF scenario to the month's open at 4107.
Keep it tight, and good luck.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.