First Take

Updated

possible outcomes.

I do these to remind myself which charts to analyze. there is no analysis as of yet, other than the 2 min quick glance.

an actual analysis will follow this evening

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intraday its forming a flag

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My RESISTANCE ZONES if it goes up. its forming a flag type pattern on INTRADAY if it breaks out to the upside from that, it has a good chance of going higher on daily.
however, if it breaks to the downside INTRADAY from that pattern, then the chances are it will dip.
volume is also needed to confirm the breakout. no volume = people are scared to join in or are having doubts.

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here is my intraday chart

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MACD may play an important role here. i dont use indicators to decide whether i should enter a trade or not, i use them in situations like this as a confirming factor.

if MACD crosses the chances of it going higher increases, and if it does breakout, i think people will take profits around 8,800 -9,000 area which will most likely be a Resistance,

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my prediction for the next few hours

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target met, for the short term at least

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wrong chart, my apologies

Erik_Shunn

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