Key Support Levels: - Fib Retracement 0.618 level (recent swing low to swing high) - Trendline (Two previous swing lows) - Anchored VWAP (Second & Third previous swing lows) - Fib Speed Resistance Fan (Second swing previous swing low to current swing high) - Key level (Old previous POC and Local LVN) - Monthly level (High time frame) - Fib Channel 0.25 level...
There's a very strong trendline which has acted as support and resistance with amazing precision since 20th of Feb until now. We can see a rejection of the key level 0.37135 with the added confluence of the daily level. There are strong bullish divergences which can be seen in the higher time frames so we can expect to see the market move on a rise
The market is currently around 19.000 which is a key region that contains a minor key level and a daily level. There are currently no significant bullish divergences, but locally you can see weak bearish divergences indicating the market will continue down or at least consolidate for a short period before going back up. Ideally, if the market continues more...