5500
Updated
Expecting a movement to 5000 next, and price holding upside 4030 would be a good sign we going into that direction. And a test of 4030 showing demand dominance would be a beautiful place to initiate entries.
Going back under the area would make me look at how supply volume would appear at the touch of 3100 if we get there, and then at what about 2550 if we go under 3100.
A break under 2550 on signs of weakness from demand would make me have a sell bias on the longer time, looking for 1750.
Weekly
Monthly
Demand been maintaining power cleanly since June'2020
Idea will be updated as price moves.
Going back under the area would make me look at how supply volume would appear at the touch of 3100 if we get there, and then at what about 2550 if we go under 3100.
A break under 2550 on signs of weakness from demand would make me have a sell bias on the longer time, looking for 1750.
Weekly
Monthly
Demand been maintaining power cleanly since June'2020
Idea will be updated as price moves.
Note
We having re-accumulation cycle characteristic
Needing a break upside 4405 on maintained demand to keep on going upward, but could a retracement to touch the range firstly. Light supply there could be another good place to initiate positions. As for now on our last up move to 4405 was made on sign of strength, which is a good sign to signal that price is on its way to be ready to go higher.
Note
Moved sooooo good & crunchy.
Now into re-accumulation with a successful spring
test of 4445 on light supply would give another good entries
Trade closed: target reached
Note
and price holding upside 4030 would be a good sign we going into that direction. And a test of 4030 showing demand dominance would be a beautiful place to initiate entries.
The two last week did test back the 4000 zone showing supply absorption. I could expect more testing of the 3950-4000 zone, but I do expect this to go up again up from the area, as awaited.
Note
it had been re-accumulating back on the 3950 area as expected, and now it is going back on moving up.As on the monthly, last month still closing demand dominant.
4 hours making nice HH on demand with little reactions to the downside on supply absorption, which make me consider that there's a possibility to break 4850 with no retracement.
and it does start to weaken around the 4850 area, I would await for a retracement around 4300 looking for light supply around there.
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