Price: 91.0371
Trend Analysis:
-Move Market @ Previous lower low area where it touched this same area last year Feb, 2023 (only touched this area once). Bearish trend looks to end expecting reversal (inclined) ... Expect 0.4% - 0.73% incline
Structure:
- Trend is already +0.24% (area of volatility increase), with News & release This week expect to revert to (+3.55%) - (+4.5%) (inclined expectation)
Support & Resistance Levels:
Highs = 91.6918, 92.6549,94.8817, 95.8249
Lows = 90.3777, 89.4849, 86.3687
Crossovers & Moving Averages:
(-35% - (-40%) = Abort trade
News & Events: Expect release to allow market to conform to +4.5% incline over next few days or so or somewhere around 3.55% - 4.5%
PosibleScenario Analysis:
market continue to -0.73%, then jump 2.5% TP @ 92.6423, then incline another 2.2% Tp= 96.7823
Objective & Targets:
Follow incline to 3.55% TP @ 94.8817
Trend Analysis:
-Move Market @ Previous lower low area where it touched this same area last year Feb, 2023 (only touched this area once). Bearish trend looks to end expecting reversal (inclined) ... Expect 0.4% - 0.73% incline
Structure:
- Trend is already +0.24% (area of volatility increase), with News & release This week expect to revert to (+3.55%) - (+4.5%) (inclined expectation)
Support & Resistance Levels:
Highs = 91.6918, 92.6549,94.8817, 95.8249
Lows = 90.3777, 89.4849, 86.3687
Crossovers & Moving Averages:
(-35% - (-40%) = Abort trade
News & Events: Expect release to allow market to conform to +4.5% incline over next few days or so or somewhere around 3.55% - 4.5%
PosibleScenario Analysis:
market continue to -0.73%, then jump 2.5% TP @ 92.6423, then incline another 2.2% Tp= 96.7823
Objective & Targets:
Follow incline to 3.55% TP @ 94.8817
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.