We are within a resistance range that is as old as 5 years. It has been confirmed impressively in February 2024 again. Perhaps we will test these high again within the next weeks. But I oubt that we may decisive exceed the 230-240 level as this resistance is very strong and even stronger due to the 2024 Fibonacci extension.
The top on Wednesday could no be overcome. This means to me that we are in a decisive zone now with a possible correction attempt towards the open window of mid May.
Another upward attempt may be followed then.
The top on Wednesday could no be overcome. This means to me that we are in a decisive zone now with a possible correction attempt towards the open window of mid May.
Another upward attempt may be followed then.
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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.