For Thursday, 77.04 can contain selling through the balance of the week, above which 83.59 remains a 1 - 2 week target.
Upside Thursday, 81.63 can contain session strength, while closing above 81.63 signals the targeted 83.59 within 2 - 3 days, able to contain weekly buying pressures when test.
The 83.59 formation can be considered the start of a wide zone of longer-term resistance up to 86.22 that may absorb buying through March, once tested the market prone to falling back over that time horizon.
Downside Thursday, closing below 77.04 indicates 75.32 tomorrow, where the market can bottom out into next week.
A daily settlement below 75.32 indicates 69.27 long-term support within a full week of activity.
Upside Thursday, 81.63 can contain session strength, while closing above 81.63 signals the targeted 83.59 within 2 - 3 days, able to contain weekly buying pressures when test.
The 83.59 formation can be considered the start of a wide zone of longer-term resistance up to 86.22 that may absorb buying through March, once tested the market prone to falling back over that time horizon.
Downside Thursday, closing below 77.04 indicates 75.32 tomorrow, where the market can bottom out into next week.
A daily settlement below 75.32 indicates 69.27 long-term support within a full week of activity.
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.