Hi,
Bullish is back, after he re-tested around 2545.
Can we imagine he broke 2590 and want to reach 2560 again?
If he could break 2595, we will find buying opportunity in lower timeframe.
Once the price drop the first support level is around 2575 which is around 50% Fib in this leg.
Note: If we zoom out to see big picture, he is creating his comfortable range...
Hi,
It seems that the buying momentum is exhausted. Price continues to push itself down to test the previous demand. The selling opportunity is around 2579-2582. As you can see in the chart, this area can push prices down twice.
If the current price reaches this area, find the confirmation before entering the trade.
If the price breaks, we will find a buying...
Hi,
There are two possible scenarios today, but please be aware that the buying momentum is still strong.
If the price that comes from 2560 could break a minor high, we will find a buying opportunity and target to the next high level. If it can hold, please find a confirmation entry like a broken structure in the lower timeframe before selling to the next low level.
