For Wednesday, both 72.18 and 69.84 can firmly contain intraday activity, beyond which the next notable level is expected intraday.
Upside, pushing/opening above 72.18 signals 73.16, able to contain weekly buying pressures, once tested 68.77 attainable within a full week of activity, possibly yielding 62.14 within 3 - 5 weeks.
On the other hand, a daily settlement above 73.16 indicates 82.97 within 2 - 3 weeks, the start of a range of long-term resistance up to 84.41 able to contain buying into later summer.
Downside Wednesday, breaking/opening below 69.84 signals 68.77, able to contain selling through the balance of the week, and the level to settle below for then indicating 62.14 within 2 - 3 weeks.
Upside, pushing/opening above 72.18 signals 73.16, able to contain weekly buying pressures, once tested 68.77 attainable within a full week of activity, possibly yielding 62.14 within 3 - 5 weeks.
On the other hand, a daily settlement above 73.16 indicates 82.97 within 2 - 3 weeks, the start of a range of long-term resistance up to 84.41 able to contain buying into later summer.
Downside Wednesday, breaking/opening below 69.84 signals 68.77, able to contain selling through the balance of the week, and the level to settle below for then indicating 62.14 within 2 - 3 weeks.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.