The question is: Will the resistance mean from the S/R of 26 Sep 22 through the breakout of 24 Oct 22 hold.
The mean value is: 3649.
The current weeks retracement and enveloping, removing the last month, is targeting between 3554 - 3645.
There is the potential for mild resistance around 3830. Since this weeks low was 3827 with a close of 3852, this level has already begun to be tested.
If the levels don't hold, the potential for an decline of ~23% exists with a low target of 3157.
Play safe and keep your stops close.
-PriceProfit
The mean value is: 3649.
The current weeks retracement and enveloping, removing the last month, is targeting between 3554 - 3645.
There is the potential for mild resistance around 3830. Since this weeks low was 3827 with a close of 3852, this level has already begun to be tested.
If the levels don't hold, the potential for an decline of ~23% exists with a low target of 3157.
Play safe and keep your stops close.
-PriceProfit
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.