Purely from a trend line POV and HTF (M, W,D) POCs, which have been tested multiple times confirming their validity, best case scenario is a retest of the upper trend line that originates from the all time high.
The lower trend line has been tested and defended @ 3311. The continuation of this leg has faced initial resistance from a level @3360 where price closed below decisively after news event.
Favourite scenario is a pull back to last weeks VAL where the weekly candle closed above signalling buyers were keen on such level @3300, clear support formed to confirm validity of the level and upside target to 3400
The lower trend line has been tested and defended @ 3311. The continuation of this leg has faced initial resistance from a level @3360 where price closed below decisively after news event.
Favourite scenario is a pull back to last weeks VAL where the weekly candle closed above signalling buyers were keen on such level @3300, clear support formed to confirm validity of the level and upside target to 3400
Trade fermée: cible de profit atteinte
Price reached 3400. Pull back was much shorter than expected.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.