61- 68 If
Updated
Expecting more testing of the 51 zone, and if the holds and keep on absorbing supply, I would consider it a good place to initiate buy entries.
Overall I am anticipating a move upside to the .61 area & 68 if strong demand emerge.
More testing of the floor is highly probable as long as it doesn't break upside 55 on SOS.
A drop under 51 would make me look at 46-48 for buying interest, and a break under it on heavy supply would mean a more serious drop to the downside, and another story.
4 hours
Weekly
Monthly
Overall I am anticipating a move upside to the .61 area & 68 if strong demand emerge.
More testing of the floor is highly probable as long as it doesn't break upside 55 on SOS.
A drop under 51 would make me look at 46-48 for buying interest, and a break under it on heavy supply would mean a more serious drop to the downside, and another story.
4 hours
Weekly
Monthly
Trade closed: target reached
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