Positive signs so far as we continue to hold above 3k and begin progressing beyond the former pattern.
A new test zone has been added off 3100-3150 resistance and pattern support to further determine upcoming price action.
Another dip to 3k is very possible but a recovery could also set us up for a hammer reversal on current H4.
An easier indicator could be using today's D1 candle, where a close above 3150 would be a bullish signal and a close below may not be so promising.
A new test zone has been added off 3100-3150 resistance and pattern support to further determine upcoming price action.
Another dip to 3k is very possible but a recovery could also set us up for a hammer reversal on current H4.
An easier indicator could be using today's D1 candle, where a close above 3150 would be a bullish signal and a close below may not be so promising.
Note
*** If current H4 candle closes below 3k there's a high chance that we'll drop into a second bottom ***
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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.