Continued Ranging 6.1-6.6k
At the moment price is struggling to break above the 6.6k level, created by the trading range and equal highs resistance.
Above 6.6k we see a chunk of resistance from the previous local bottom neckline and 1D OB at 6750-6900. This will likely be a high volume level for shorts.
Current strongest level of support below price at the moment will come in around 6150, formed by the low of the daily trading range and the daily order block. This level expands all the way down to the bottom of the order block around 5800.
Should 5800 drop out, the next important level of support comes in around 5500, created by previous support during the 2017 bull run.
Above 6.6k we see a chunk of resistance from the previous local bottom neckline and 1D OB at 6750-6900. This will likely be a high volume level for shorts.
Current strongest level of support below price at the moment will come in around 6150, formed by the low of the daily trading range and the daily order block. This level expands all the way down to the bottom of the order block around 5800.
Should 5800 drop out, the next important level of support comes in around 5500, created by previous support during the 2017 bull run.
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