Starting from the higher timeframes, Daily BULLISH structure has still been maintained. On the 1 hour timeframe we have broken out from a Sell Zone into a Buy Zone based on the trend line formed in that timeframe.
M15 timeframes provides additional details for analysis and a PRECISION entry.
There is strong support and resistance at 9258 as can be shown by the Wicks AND Price Structure bouncing off of that zone on the M15 timeframe.
As we're in a buy zone and rejected support at 9258, we could very well be racing toward 9500, at which point, a break above that level would bring in additional buyers to take price to 10,000 and beyond.
M15 timeframes provides additional details for analysis and a PRECISION entry.
There is strong support and resistance at 9258 as can be shown by the Wicks AND Price Structure bouncing off of that zone on the M15 timeframe.
As we're in a buy zone and rejected support at 9258, we could very well be racing toward 9500, at which point, a break above that level would bring in additional buyers to take price to 10,000 and beyond.
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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.