Buy Opportunity
Key Levels:
Support Zone: Around 194.292 and below, near 193.708.
Resistance Levels:
Intermediate: 195.562
Final Target: 198.446
Strong support at 191.875, as indicated by the historical low.
Signal: The setup indicates a buy signal with an expected move to 198.446, representing a 2.09% potential gain.
Indicators:
Squeeze Momentum Indicator (SQZMOM): Bearish pressure appears to be decreasing as the red histogram transitions to green, indicating a potential bullish reversal.
Volume Profile: The high liquidity zones around the current price area suggest that the price may bounce off this support.
Risk-Reward:
Entry: Around 194.375.
Stop-Loss: Below 193.131, to account for false breakouts.
Take-Profit Levels: Partial profits at 195.562 and final profits at 198.446.
Support Zone: Around 194.292 and below, near 193.708.
Resistance Levels:
Intermediate: 195.562
Final Target: 198.446
Strong support at 191.875, as indicated by the historical low.
Signal: The setup indicates a buy signal with an expected move to 198.446, representing a 2.09% potential gain.
Indicators:
Squeeze Momentum Indicator (SQZMOM): Bearish pressure appears to be decreasing as the red histogram transitions to green, indicating a potential bullish reversal.
Volume Profile: The high liquidity zones around the current price area suggest that the price may bounce off this support.
Risk-Reward:
Entry: Around 194.375.
Stop-Loss: Below 193.131, to account for false breakouts.
Take-Profit Levels: Partial profits at 195.562 and final profits at 198.446.
GODO Capital Markets
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.
GODO Capital Markets
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.