There are indications (Tom Demark breakout projection and Yearly Pivot) that price will make to yearly S1.
Bears closed on the trendline, and stayed there, also closed below the round number. This indicates that breakout will continue.
1.11 might be the yearly bottom this year. Short term, I am looking for price to reach yearly pivot and the next round number level.
Bears closed on the trendline, and stayed there, also closed below the round number. This indicates that breakout will continue.
1.11 might be the yearly bottom this year. Short term, I am looking for price to reach yearly pivot and the next round number level.
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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.