Daily:

The Trading Range is very clear, upper band 4210.20 lower band 3917.82, within that range there is a smaller trading range(D3997.90,U4132.80), which could provide good trading opportunities in the current state of congestion. The Volume(20MA) has been low and steady in the past week, not giving much clues at this point. NEUTRAL
4H:

Very Well defined side trend, there are opportunities to trade both inside and outside the current trading range(rejections/breakouts). EMA(24,50,100) are all flat confirming the current congestion. NEUTRAL
1H:

On a closer look things are a little bit more messy, couple of notes that took my attention are level 4100 which has rejected three times already, and also the small bullish momentum on Friday. NEUTRAL
The Plan:
My bias is NEUTRAL for either side, so I will be looking for clues near the key levels combined with volume analysis.
LONGS
3997.90 Rejection, Support of the small range, target 4064.59(range mid level)
4131.95 Breakout, Resistance of the small range, Target 4210.20
3917.82 Rejection, Support of the outer range, Target 3997.90
SHORTS
4131.95 Rejection, Resistance of the small range, Target 4064.59(range mid level)
4210.20 Rejection, Resistance of outer range, Target 4131.95
3997.90 Breakout. Support of the small range, target 3917.82
Best of Luck.
Thank you for reading.
The Trading Range is very clear, upper band 4210.20 lower band 3917.82, within that range there is a smaller trading range(D3997.90,U4132.80), which could provide good trading opportunities in the current state of congestion. The Volume(20MA) has been low and steady in the past week, not giving much clues at this point. NEUTRAL
4H:
Very Well defined side trend, there are opportunities to trade both inside and outside the current trading range(rejections/breakouts). EMA(24,50,100) are all flat confirming the current congestion. NEUTRAL
1H:
On a closer look things are a little bit more messy, couple of notes that took my attention are level 4100 which has rejected three times already, and also the small bullish momentum on Friday. NEUTRAL
The Plan:
My bias is NEUTRAL for either side, so I will be looking for clues near the key levels combined with volume analysis.
LONGS
3997.90 Rejection, Support of the small range, target 4064.59(range mid level)
4131.95 Breakout, Resistance of the small range, Target 4210.20
3917.82 Rejection, Support of the outer range, Target 3997.90
SHORTS
4131.95 Rejection, Resistance of the small range, Target 4064.59(range mid level)
4210.20 Rejection, Resistance of outer range, Target 4131.95
3997.90 Breakout. Support of the small range, target 3917.82
Best of Luck.
Thank you for reading.
إخلاء المسؤولية
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.
إخلاء المسؤولية
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.
