Weekly:
Making a lower swing high, close below the red dotted line confirms the pivot.
Daily:
Price broke the trendline of the pullback on Friday, but not convincingly.
4HR: Price fell impulsively and is pulling back to 50EMA and supply zone.
Trading Plan:
Look for signs of bearish rejection at the supply zone.
Scale-in option if price falls below the weekly pivot close.
Target: 73.0
Making a lower swing high, close below the red dotted line confirms the pivot.
Daily:
Price broke the trendline of the pullback on Friday, but not convincingly.
4HR: Price fell impulsively and is pulling back to 50EMA and supply zone.
Trading Plan:
Look for signs of bearish rejection at the supply zone.
Scale-in option if price falls below the weekly pivot close.
Target: 73.0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.