For Tuesday, 71.69 can contain session weakness, above which 73.01 in reach today and able to contain session strength.
A daily settlement outside of this zone would indicate directional continuation in the respective direction.
In other words, closing today above 73.01 indicates 77.04 within 3 - 5 days, able to contain weekly buying pressures when tested and the point to settle above for then indicating 82.18 long-term resistance within 2 - 3 more weeks.
Downside Tuesday, closing today below 71.69 indicates 67.16 – 67.73 within several days, a range of support able to contain selling into later next week, and the area to settle below for then indicating 62.14 long-term support over the following 2 - 3 weeks.
A daily settlement outside of this zone would indicate directional continuation in the respective direction.
In other words, closing today above 73.01 indicates 77.04 within 3 - 5 days, able to contain weekly buying pressures when tested and the point to settle above for then indicating 82.18 long-term resistance within 2 - 3 more weeks.
Downside Tuesday, closing today below 71.69 indicates 67.16 – 67.73 within several days, a range of support able to contain selling into later next week, and the area to settle below for then indicating 62.14 long-term support over the following 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.