Good morning everyone
As discussed yesterday morning we got our pull-back, however I was a bit off when it comes to the targets I was looking at. Initially, I thought we'd get held up a little more substantially at those fib levels that I've outlined in white.
We did anticipate, on Tuesday night, that 12k would be difficult, as a phycological level as well as an area of significance for PA. If you just have a glance left, you'll know what I mean by this.
We find ourselves back at this, broken, battered Demand which is 11250. This level is toast, to say the least. there is a level under it which is of higher quality & this in my opinion would be the area I'd be looking towards for a little more of a substantial hold up.
We still could very much be ranging between 11k & 12k, but if you have a look at the 1D, there is a slight H&S formation & we've just printed that right shoulder. I've seen this a few times now, I must admit though, it's a little skewed so take that as you will.
TL;DR:
I think we're in for a bit of relief here before heading to 11k for a decision on if we're going to hold or close that gap at 9.6k
Have a great day!
As discussed yesterday morning we got our pull-back, however I was a bit off when it comes to the targets I was looking at. Initially, I thought we'd get held up a little more substantially at those fib levels that I've outlined in white.
We did anticipate, on Tuesday night, that 12k would be difficult, as a phycological level as well as an area of significance for PA. If you just have a glance left, you'll know what I mean by this.
We find ourselves back at this, broken, battered Demand which is 11250. This level is toast, to say the least. there is a level under it which is of higher quality & this in my opinion would be the area I'd be looking towards for a little more of a substantial hold up.
We still could very much be ranging between 11k & 12k, but if you have a look at the 1D, there is a slight H&S formation & we've just printed that right shoulder. I've seen this a few times now, I must admit though, it's a little skewed so take that as you will.
TL;DR:
I think we're in for a bit of relief here before heading to 11k for a decision on if we're going to hold or close that gap at 9.6k
Have a great day!
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.