Going into next week, I am looking for a consolidation/layering into the middle of the range and into 44,500. If price sets up, I will look for the Long back up.
In my opinion, I believe price to not return back under February's open, notated in orange. Price should stay above the middle of the range if it will break out bullish.
After the break bullish, I will then expect price to layer into 45,000 as support. But I won't get ahead of myself just yet. Need to wait until we get to that point.
Using the monthly chart as a visualization, this month should end on a strong note.
In my opinion, I believe price to not return back under February's open, notated in orange. Price should stay above the middle of the range if it will break out bullish.
After the break bullish, I will then expect price to layer into 45,000 as support. But I won't get ahead of myself just yet. Need to wait until we get to that point.
Using the monthly chart as a visualization, this month should end on a strong note.
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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.