SNR looks bearish on 1h chart but retesting 2009 lows is unlikely. The bottom must be very close now, 40-50 could be an excellent entry point.
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Globally: Senior Plc 10 year weekly chart shows that we are somewhere at the end of corrective wave C (Elliott).
After a sharp drop on 19 March, the SP had a strong intraday re-bound. For about a month the 60 support/resistance was active but bears managed to push it further down to 55. The break through occurred when the (brown) trend line met the lower (green) support line (picture a triangle). Currently testing 55 from below.
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.
After a sharp drop on 19 March, the SP had a strong intraday re-bound. For about a month the 60 support/resistance was active but bears managed to push it further down to 55. The break through occurred when the (brown) trend line met the lower (green) support line (picture a triangle). Currently testing 55 from below.