invezted.com
Context:
after topping out at 12400 we are in a decline contained within a down channel
Location:
price formed a range with support at 10795ish and resistance beeing 11820ish just shy
of the 50% retracement of the previous rally at 10365, we currently reside at the support level of 10795
Price Action:
after a drop near the resistance level of 11820ish which resulted in a lower high we
formed another minor range between support 10905ish and resistance 11123ish
Price broke the support level and is currently on a decline towards the lows at 10660
Conclusion:
a minor intraday play towards the lows at 10660 on the short side could be played
however it is best to wait either for a retest of the broken support level at 10900
if one is looking for a short , and on the longside one should wait till 10365
support:
10660
10580
10365
resistance:
10905
11000
11120
Context:
after topping out at 12400 we are in a decline contained within a down channel
Location:
price formed a range with support at 10795ish and resistance beeing 11820ish just shy
of the 50% retracement of the previous rally at 10365, we currently reside at the support level of 10795
Price Action:
after a drop near the resistance level of 11820ish which resulted in a lower high we
formed another minor range between support 10905ish and resistance 11123ish
Price broke the support level and is currently on a decline towards the lows at 10660
Conclusion:
a minor intraday play towards the lows at 10660 on the short side could be played
however it is best to wait either for a retest of the broken support level at 10900
if one is looking for a short , and on the longside one should wait till 10365
support:
10660
10580
10365
resistance:
10905
11000
11120
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.