This chart is predicting future direction and range using similar patterns in recent weeks.
I think the 200 ema will support the price above 6330 until the 50 and 100 move up.
I see it slowly going lower in the channel either side of the magenta trend line
I have drawn two boxes, one with previous price range and the other with what I predict future price range will be for the next 2 days.
There are a couple of break out boxes
Green if the price breaks up and red if it breaks down
with possible targets, above based on trend lines, below based on previous wicks
I think the 200 ema will support the price above 6330 until the 50 and 100 move up.
I see it slowly going lower in the channel either side of the magenta trend line
I have drawn two boxes, one with previous price range and the other with what I predict future price range will be for the next 2 days.
There are a couple of break out boxes
Green if the price breaks up and red if it breaks down
with possible targets, above based on trend lines, below based on previous wicks