Price continues to hold above 1550 as we look to prevent another bearish piercing scenario; a new support line has been added at ~1515.
Current patterns/trendlines have been extended with expected consolidation still within the upper highlighted portion; lows around 1500 or eventually LT trendline (purple).
The next critical resistance zone has been marked at somewhere between 1650-1680; this will be reduced to a single line once established (if true).
It was also aligned with the extended patterns to test for a next potential breakout location. The expected path has been indicated and is a very general assumption.
Furthermore, I just wanted to reclarify the pricelines as it hasn't been discussed in awhile:
- Dashed = tentative support/resistance zone (assumed but not yet determined)
- Normal = support/resistance zone
- Solid = critical support/resistance zone (usually off a number of past interactions)
Current patterns/trendlines have been extended with expected consolidation still within the upper highlighted portion; lows around 1500 or eventually LT trendline (purple).
The next critical resistance zone has been marked at somewhere between 1650-1680; this will be reduced to a single line once established (if true).
It was also aligned with the extended patterns to test for a next potential breakout location. The expected path has been indicated and is a very general assumption.
Furthermore, I just wanted to reclarify the pricelines as it hasn't been discussed in awhile:
- Dashed = tentative support/resistance zone (assumed but not yet determined)
- Normal = support/resistance zone
- Solid = critical support/resistance zone (usually off a number of past interactions)
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.