The graph shows a bright resistance at 9800, which buyers have already tested 2 times (with false breakdowns), this is not a good sign, since sellers have strength. But nevertheless, by breaking through and consolidating above the level of 9800, there will be an increase to 10500, since there is more strong resistance.
In another case, the price will fix below the resistance level of 9800 and go lower to 8650. After resistance tests and a pullback to 8650, there will be a retest to 9000-9200.
Regarding CME:
On CME, there is already a trade and the resistance that I highlighted is 9870 (which also falsely struck). It is advisable to see a couple of tests for the resistance level of 9870 when looking for a price. If the price fixes lower and buyers flat below, then the price will go down to 8650 (in the same place GAP closure). Ideally, see the price action, as is often the case with the Bear Bar - Dodge - Bull Bar, after a small retest to the resistance level and a pullback, then bull absorption and Kangaroo Tail (which confirm the presence of resistance).
Conclusion:
I marked the important levels in blue.
I see two outcomes: a new growth to 10500 after fixing above 9800, or fixing a price below 9800 and a hike to the level of 8650 with a further rebound to 9000-9250.
The arrows indicate the direction, but the date of the direction is indicated approximately and does not have an exact value
In another case, the price will fix below the resistance level of 9800 and go lower to 8650. After resistance tests and a pullback to 8650, there will be a retest to 9000-9200.
Regarding CME:
On CME, there is already a trade and the resistance that I highlighted is 9870 (which also falsely struck). It is advisable to see a couple of tests for the resistance level of 9870 when looking for a price. If the price fixes lower and buyers flat below, then the price will go down to 8650 (in the same place GAP closure). Ideally, see the price action, as is often the case with the Bear Bar - Dodge - Bull Bar, after a small retest to the resistance level and a pullback, then bull absorption and Kangaroo Tail (which confirm the presence of resistance).
Conclusion:
I marked the important levels in blue.
I see two outcomes: a new growth to 10500 after fixing above 9800, or fixing a price below 9800 and a hike to the level of 8650 with a further rebound to 9000-9250.
The arrows indicate the direction, but the date of the direction is indicated approximately and does not have an exact value
Trade fermée manuellement:
I decided to close this idea because it takes more time to happen.
Trade fermée: cible de profit atteinte:
It happened.
