Bearish Channel:
A significant bearish channel is drawn, indicating the overall downward pressure on the price.
Key Resistance Zone:
The resistance zone is marked in purple, spanning from 2320 to 2340. This area includes the R1 pivot level (2337.074) and represents a strong barrier to upward movement.
Potential Scenarios:
The red paths illustrate potential price movements. The first scenario suggests a test of the resistance zone followed by a possible reversal. The second scenario considers a breakout above the resistance, with a retest before moving higher.
Trading Plan:
Short Trades:
Entry: Look for short opportunities if the price tests and reverses from the resistance zone (2320-2340).
Target: Initial target could be around 2310.24 (S1 pivot level), with further targets at lower support levels depending on the price action.
Long Trades:
Entry: Consider long positions if the price breaks above the resistance zone and the bearish trend line.
Target: Potential targets could be around the next resistance levels and pivots, such as 2350 or higher, depending on the strength of the breakout.
Key Levels:
Resistance Zone: 2320-2340
Support Levels: 2310.24 (S1 pivot), 2296.92 (S1 pivot)
A significant bearish channel is drawn, indicating the overall downward pressure on the price.
Key Resistance Zone:
The resistance zone is marked in purple, spanning from 2320 to 2340. This area includes the R1 pivot level (2337.074) and represents a strong barrier to upward movement.
Potential Scenarios:
The red paths illustrate potential price movements. The first scenario suggests a test of the resistance zone followed by a possible reversal. The second scenario considers a breakout above the resistance, with a retest before moving higher.
Trading Plan:
Short Trades:
Entry: Look for short opportunities if the price tests and reverses from the resistance zone (2320-2340).
Target: Initial target could be around 2310.24 (S1 pivot level), with further targets at lower support levels depending on the price action.
Long Trades:
Entry: Consider long positions if the price breaks above the resistance zone and the bearish trend line.
Target: Potential targets could be around the next resistance levels and pivots, such as 2350 or higher, depending on the strength of the breakout.
Key Levels:
Resistance Zone: 2320-2340
Support Levels: 2310.24 (S1 pivot), 2296.92 (S1 pivot)
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.
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.