Price is attempting to create a higher low after being
rejected by the Daily S1, with a long wick candle. Bulls would
like to see the current top taken out at 14300 and a close above
the new Weekly Pivot point at 14135. Above that is the Cloud
resistance zone. The new Monthly pivot point stands at 11425.
A close below the current hammer would possibly create a sell
off and a run towards the new Monthly pivot point. Overall
price is making slow upward progress after breaking above
the trendline still without any fast upward movement.
rejected by the Daily S1, with a long wick candle. Bulls would
like to see the current top taken out at 14300 and a close above
the new Weekly Pivot point at 14135. Above that is the Cloud
resistance zone. The new Monthly pivot point stands at 11425.
A close below the current hammer would possibly create a sell
off and a run towards the new Monthly pivot point. Overall
price is making slow upward progress after breaking above
the trendline still without any fast upward movement.