U Analysis
Notes
weekly:
- current support level ~@107.42 - 115.30
- next support level ~91.78 - 93.93
- bearish candle
- was in an uptrend
- broke the uptrend
daily:
- last two candles: buyers tried to dominate the market but it's not enough; long upper shadow -> buyers bid a higher price but sellers drove the price back to the end the session near the open price
- no sign of reversal
- small resistance level @126-130
-> needs to break this resistance level to reverse the trend again
this is just an analysis from me
weekly:
- current support level ~@107.42 - 115.30
- next support level ~91.78 - 93.93
- bearish candle
- was in an uptrend
- broke the uptrend
daily:
- last two candles: buyers tried to dominate the market but it's not enough; long upper shadow -> buyers bid a higher price but sellers drove the price back to the end the session near the open price
- no sign of reversal
- small resistance level @126-130
-> needs to break this resistance level to reverse the trend again
this is just an analysis from me
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