AP12USDT Daily S/R| Swing High| .50 Fibonacci| Price Action
Evening Traders,
Today’s analysis – AP13- trading above its Daily S/R where further continuation is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Oscillators Neutral
API13USDT’s immediate price action is impulsive, at a key trade location that is in technical confluence with the .50 Fibonacci and the Daily S/R, allowing for a long bias.
The Swing High is the current objective, exceeding this level increases the probability of a trend continuation.
Both oscillators are trading neutral, maintaining their bullish control zones is indicative of strength.
Overall, in my opinion, APi3USDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
Today’s analysis – AP13- trading above its Daily S/R where further continuation is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Oscillators Neutral
API13USDT’s immediate price action is impulsive, at a key trade location that is in technical confluence with the .50 Fibonacci and the Daily S/R, allowing for a long bias.
The Swing High is the current objective, exceeding this level increases the probability of a trend continuation.
Both oscillators are trading neutral, maintaining their bullish control zones is indicative of strength.
Overall, in my opinion, APi3USDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore