May 10th Medium Timeframe Analysis
Bullish Confirmations:
- Would need to close above the 21 EMA
- Close above volume support
- Close above major 0.236 retracement level (thick dotted red line)
Bearish Confirmation:
- Closing below 21 EMA
- Closing below volume support
- Strong rejections off the 0.236 levels
Target zones can act as pivot points and buy zones are contingent on momentum and reassessment before entry.
- Would need to close above the 21 EMA
- Close above volume support
- Close above major 0.236 retracement level (thick dotted red line)
Bearish Confirmation:
- Closing below 21 EMA
- Closing below volume support
- Strong rejections off the 0.236 levels
Target zones can act as pivot points and buy zones are contingent on momentum and reassessment before entry.
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