Another major support test underway as we approach 3k territory once again.
Signs pointing towards another (bearish) breakout with a possible low of 2750; further momentum off the Chaikin (not shown) could send us to low 2k (~2300).
Current resistance around 3300 with major at 3400 (neckline), followed by 3600 (long-term zone).
My sell trigger remains as a dip and close under the highlighted region (3050-2950). I plan to use D1 but may go with H4 based on volatility.
Signs pointing towards another (bearish) breakout with a possible low of 2750; further momentum off the Chaikin (not shown) could send us to low 2k (~2300).
Current resistance around 3300 with major at 3400 (neckline), followed by 3600 (long-term zone).
My sell trigger remains as a dip and close under the highlighted region (3050-2950). I plan to use D1 but may go with H4 based on volatility.
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Related publications
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.