H4 : The 58400 important support area mentioned yesterday worked perfectly well, coupled
with the failure to breakout both the Mid Bollinger Band and the Kijun-Sen (Base line).
This rejection triggered a nice upside move, once again above the 60'000.. but it did not hold
above it.. so far.
No change in my view, as long as clear breakout of the 60'000 in holding sustainably above it the
downside risk is still present ¨
TWO IMPORTANT LEVEL TO WATCH ON A H4 CLOSING BASIS :
60100 ON THE UPSIDE
58400 ON THE DOWNSIDE
Indeed 2 closing prices above or below one of those levels will show a new trading range for the upcoming
trading hours
Watch H1 and M15 to get intermediate signal (s) which will validate or invalidate the expected scenarios
above mentioned.
Have a nice Sunday
All the best
Take care and have fun
with the failure to breakout both the Mid Bollinger Band and the Kijun-Sen (Base line).
This rejection triggered a nice upside move, once again above the 60'000.. but it did not hold
above it.. so far.
No change in my view, as long as clear breakout of the 60'000 in holding sustainably above it the
downside risk is still present ¨
TWO IMPORTANT LEVEL TO WATCH ON A H4 CLOSING BASIS :
60100 ON THE UPSIDE
58400 ON THE DOWNSIDE
Indeed 2 closing prices above or below one of those levels will show a new trading range for the upcoming
trading hours
Watch H1 and M15 to get intermediate signal (s) which will validate or invalidate the expected scenarios
above mentioned.
Have a nice Sunday
All the best
Take care and have fun
