Daily PPMs looking to flatten out
While the daily PPMs are still looking to flatten out, it doesn't change the fact that the over-zealous selling we are seeing now was caused by the santa rally that overshot the high fib targets in practically 1 session.
A likely scenario now would be a test of the 10 SMA at 3.244 before bouncing back up.
The scenario mentioned yesterday about a blip may not be so true considering the algo on PPM 1 has dipped at the end to reveal a drop back to the no trend zone.
The weekly chart still shows signs of a rebound after this and next week's dip though.
Hence I'm thinking we would stall here for a couple sessions to find a trading range before continuing.
A likely scenario now would be a test of the 10 SMA at 3.244 before bouncing back up.
The scenario mentioned yesterday about a blip may not be so true considering the algo on PPM 1 has dipped at the end to reveal a drop back to the no trend zone.
The weekly chart still shows signs of a rebound after this and next week's dip though.
Hence I'm thinking we would stall here for a couple sessions to find a trading range before continuing.
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.