Ichimoku is still painting a gloomy picture. The daily stochastic RSI is starting to turn south. Chaikin Money Flow is still showing negative/neutral selling pressure. Volume is also sloping down to being flat. Looking at historical supports and resistances are our best bet now to -k-n-o-w-i-n-g- guessing where the market is going.
If we do not break the next resistance soon, expect next level support between $5600 - 5800.
If we do not break the next resistance soon, expect next level support between $5600 - 5800.
Note
Hourly outlook - Neutral to bullish.The hourly chart is giving us a nicer picture compared to the daily. So this is a very short-term guesswork in the next few hours.
We should see an uptick to break the descending wedge. I expect a nice long green candle to maybe $6200.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.