Never financial advice. Just offering perspective.
Its overall a clean setup for higher timeframes, a run back to all time highs. Lower timeframes point to a similar picture. On the Monthly, there is no bearish imbalances above until 385.86-399.88. On the Weekly we clear 246.51-319.48, bearish imbalance hanging above. Its possible to see a revisit to 162.53-189.88, I would say this is about 35% probable. This is more likely, if we lose 234.09.
Lastly, on the Daily. 221.50-223.22 is a bullish imbalance, that we could revisit. I personally see the lower moves as low probability but not off the table. It would be encouraging for bulls to get a close above 242.67, today.
Be aware that this analysis is on a higher timeframe of a Yearly perspective and may take time to develop.
I'll keep this post updated. :)
Its overall a clean setup for higher timeframes, a run back to all time highs. Lower timeframes point to a similar picture. On the Monthly, there is no bearish imbalances above until 385.86-399.88. On the Weekly we clear 246.51-319.48, bearish imbalance hanging above. Its possible to see a revisit to 162.53-189.88, I would say this is about 35% probable. This is more likely, if we lose 234.09.
Lastly, on the Daily. 221.50-223.22 is a bullish imbalance, that we could revisit. I personally see the lower moves as low probability but not off the table. It would be encouraging for bulls to get a close above 242.67, today.
Be aware that this analysis is on a higher timeframe of a Yearly perspective and may take time to develop.
I'll keep this post updated. :)
Pernyataan Penyangkalan
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.
Pernyataan Penyangkalan
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.