Today's Trading Strategy: Support Resistance and Target Levels
Today's Trading Analysis and Strategy:
Support Level: 2605
This is the key level where I expect the price to find strong support. If the price approaches this level, it could potentially bounce back higher.
Resistance Level: 2660
This is the resistance zone, where the price may face difficulty moving above. If the price approaches 2660, I anticipate some selling pressure or reversal.
First Target: 2632
My first target for the day is 2632. I expect the price to move toward this level, which represents a reasonable price point for a potential exit.
Second Target: 2642
If the price continues to move in the desired direction, my second target is 2642. This level is a logical step up, where I’ll monitor for further price action.
Third Target: 2650
My final target for the day is 2650. If the price continues its upward momentum, I believe it could reach this level before facing any significant resistance.
Support Level: 2605
This is the key level where I expect the price to find strong support. If the price approaches this level, it could potentially bounce back higher.
Resistance Level: 2660
This is the resistance zone, where the price may face difficulty moving above. If the price approaches 2660, I anticipate some selling pressure or reversal.
First Target: 2632
My first target for the day is 2632. I expect the price to move toward this level, which represents a reasonable price point for a potential exit.
Second Target: 2642
If the price continues to move in the desired direction, my second target is 2642. This level is a logical step up, where I’ll monitor for further price action.
Third Target: 2650
My final target for the day is 2650. If the price continues its upward momentum, I believe it could reach this level before facing any significant resistance.
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.
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.