Waiting for the Bulls or the Bears to take the lead
Price is chilling an HL point on H4 and respecting an HL area on the daily.
could this need a strong bullish in the works? possible, but keep in mind the LH areas on the daily weren't broken. For the uptrend to be valid price has to break a previous high.
There is also some confluence around 1893 (61.8% Fibonacci) wicks to the upsides which could be some buyer's exhaustion
if the price doesn't make a HH on h4 or the daily sellers can come in at a key resistance level
We just have to wait, Sells will be around Qp 1875 (if support is broken, and it becomes new resistance), or Buys will be around Qp 1875 (if support is respected)
downside moves Target Qp 1850
upside moves Target Qp 1925
lookout for news events and updates on the coronavirus and stimulus
could this need a strong bullish in the works? possible, but keep in mind the LH areas on the daily weren't broken. For the uptrend to be valid price has to break a previous high.
There is also some confluence around 1893 (61.8% Fibonacci) wicks to the upsides which could be some buyer's exhaustion
if the price doesn't make a HH on h4 or the daily sellers can come in at a key resistance level
We just have to wait, Sells will be around Qp 1875 (if support is broken, and it becomes new resistance), or Buys will be around Qp 1875 (if support is respected)
downside moves Target Qp 1850
upside moves Target Qp 1925
lookout for news events and updates on the coronavirus and stimulus
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。