We have 4 hour 3-drive bullish divergence currently. Green and red boxes are liquid zones.
With all these targets, we have to take them level by level.
Target 1 is 8500
Target 2 is 8700
Target 3 is 8900. A daily close above 8900 will create a higher high on the daily timeframe, if this happens then we will likely retest weekly horizontal resistance at 9500. A weekly close above 9500 will create a weekly uptrend and start a new bull market
A 4 hour close below 8200 will lead to a support breakdown and likely to retest prior lows at 7700.
With all these targets, we have to take them level by level.
Target 1 is 8500
Target 2 is 8700
Target 3 is 8900. A daily close above 8900 will create a higher high on the daily timeframe, if this happens then we will likely retest weekly horizontal resistance at 9500. A weekly close above 9500 will create a weekly uptrend and start a new bull market
A 4 hour close below 8200 will lead to a support breakdown and likely to retest prior lows at 7700.
Not
Price rejected off the 21 EMA, meaning bullish divergence has likely played outNot
I would exit longs and wait for clarity. Cannot short until we start closing candles below 8200, preferably open and close.Not
Strong 4 hour close breaking 8500 resistance. Likely to test next resistance at 8700.Not
All 3 targets hit.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.