Channel break
Breakout of corrective channel now printed.
Momentum a bit overbought, may see a pullback but a healthy test of orange channel low, blue channel high (breakout point) would be good to (a) shake out weak hands who rushed to buy the breakout (b) establish a foundation for the next leg up.
Key upside levels to watch are 1,000 and 1150. Both logical (BRN = Big Round Numbers) and technical/price-action worthy price points.
Break back into the corrective structure could signal more selling to come, but for now it looks like a med-term base is in.
Momentum a bit overbought, may see a pullback but a healthy test of orange channel low, blue channel high (breakout point) would be good to (a) shake out weak hands who rushed to buy the breakout (b) establish a foundation for the next leg up.
Key upside levels to watch are 1,000 and 1150. Both logical (BRN = Big Round Numbers) and technical/price-action worthy price points.
Break back into the corrective structure could signal more selling to come, but for now it looks like a med-term base is in.
ملاحظة
Waiting for a gentle, corrective pullback to the top of the primary channel. May catch a bid around 800 (another B.R.N = Big Round Number). Regardless, near-term bias is to the upside as selling pressure has subsided for now. With the market a bit stretched off the near-capitulation lows, a pullback would be welcomed.
ملاحظة
Retest of primary channel breakout printed. Bulls need to breach 850.ملاحظة
Range-bound overnight, but looking like the breach of 850 is imminent.
منشورات ذات صلة
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.