Looking at historic support/resistance and where this intersects with trend lines.
Using these locations to speculation on where the market might pivot.
Using these locations to speculation on where the market might pivot.
Note
Ranging closer to the pivot I've drawn. I'm expecting an impulse up or down in the next 1-2 weeks.Note
If we pierce this resistance I think we are good for a break outNote
Breaking above downward trend line and into the launch pad. I've just entered another long.Note
The launch pad is playing its role.Note
8612 should turn into support, so we should go up about hereNote
So we are still watching 8612. If we break past it, our target is in the high 9,000'sNote
Based on this chart, 7800 is a likely bounce. But if 8300 bounces, 8612 is where to watch.
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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.