It is reaching the support of previous consolidation zone. If support turns resistance, then it will go in the short direction. However if it breaks, then it will attempt to break resistances.
Targets are simply the next supports/resistances.
Targets are simply the next supports/resistances.
Commentaire:
Sellers are a lot more present in this current candle thats hitting the trend line. However, the candle did not close yet. Further confirmation necessary
Commentaire:
There she goes. Target one reached. 4209.8 and 4146 are both possible turning point, but if this is a start of a bearish run, 4040 will be the target.
Commentaire:
Looking good. I'm sure everyone noticed, but there was a head and shoulders formation that was formed. Just for added confluence