H4 : Once again we can see another failure to upside breakout the psychological resistance level of 60'000.
Indeed, as already mentioned several times, ONLY a clear breakout of this area would allow further upside
which would put the focus on former high @ 61781.
Until this breakout occurs, I strongly suggest to watch very carefully at the Mid Bollinger Band which should
still be seen as the "LEADING INDICATOR" and which worked, perfectly well so far.
A failure to hold above MBB and Kijun-Sen (Base line), would trigger a sharp downside move, as seen several times in the past !
Watch H1 and M15 to get intermediate signal (s) for validation or invalidation
Have a nice weekend
All the best
Take care and do not forget to like and follow me if you find my analysis valuable for you
Indeed, as already mentioned several times, ONLY a clear breakout of this area would allow further upside
which would put the focus on former high @ 61781.
Until this breakout occurs, I strongly suggest to watch very carefully at the Mid Bollinger Band which should
still be seen as the "LEADING INDICATOR" and which worked, perfectly well so far.
A failure to hold above MBB and Kijun-Sen (Base line), would trigger a sharp downside move, as seen several times in the past !
Watch H1 and M15 to get intermediate signal (s) for validation or invalidation
Have a nice weekend
All the best
Take care and do not forget to like and follow me if you find my analysis valuable for you
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.