DJI - Key Resistance Zone 4 Hour
DJI has entered a key resistance zone of the 4 HOUR time frame.
There are 3 likely scenarios. A,B,C on the chart.
We are waiting for a definitive move on the charts, we are looking for a BREAKOUT, either BIG VOLUME breaking the resistance level, or a REJECTION of the resistance level, followed by great volume.
The third move that could be made is ACCUMULATION / RANGING. Where there is little to no volume with no definitive move, we will NOT ENTER if this is the case.
There are 3 likely scenarios. A,B,C on the chart.
We are waiting for a definitive move on the charts, we are looking for a BREAKOUT, either BIG VOLUME breaking the resistance level, or a REJECTION of the resistance level, followed by great volume.
The third move that could be made is ACCUMULATION / RANGING. Where there is little to no volume with no definitive move, we will NOT ENTER if this is the case.
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