The key support during the new trading week will be the market maker loss level located at 1723.09, where the market maker loss is located.
π On formation of the pattern to buy near the mentioned support level, we expect the suspension of decline and the subsequent growth with the far target of growth, - the level of the minimum profitability of the market maker (1804.29).
In case of consolidation above the mentioned resistance level, hedge resistance area (1825.00) will be the next upside target.
A 2% increase in market volume and a 10% outperformance of buyers on the new Commitments of Traders reports further support the above scenario.
π€ Like the idea? π like it βοΈ write a comment