Dear Friends,
How I see it:
# Very strong 3 Day rejections at ATH = 22235.00
## Strong RED daily close on Friday
### Impressive 1D trend since 7th August 2024, still holding!
Potentially price can continue down looking for support -
1) 50% Fib retracement @ 21415.00
2) 1D Trend support @ 21200.00
3) Psychologic support @ 21000.00
4) Strong demand @ 20600.00 - 20470.00
Potential long - (I don't want to guess what it will do first)
1) Imbalance to fill up to 21870.00
Keynote:
If this 1D trend is breached and the break is confirmed -
Price can easily fall back down into the 17000 's region.
Thank you for taking the time to study my analysis.
How I see it:
# Very strong 3 Day rejections at ATH = 22235.00
## Strong RED daily close on Friday
### Impressive 1D trend since 7th August 2024, still holding!
Potentially price can continue down looking for support -
1) 50% Fib retracement @ 21415.00
2) 1D Trend support @ 21200.00
3) Psychologic support @ 21000.00
4) Strong demand @ 20600.00 - 20470.00
Potential long - (I don't want to guess what it will do first)
1) Imbalance to fill up to 21870.00
Keynote:
If this 1D trend is breached and the break is confirmed -
Price can easily fall back down into the 17000 's region.
Thank you for taking the time to study my analysis.
Note
Daily candle closed below 1D trend support yesterday. Monitor price action this week closely!
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.