Monthly;
Weekly;
Daily;
From a daily perspective, I expect price to continue going upwards.
4 hour;
For now I am sitting on my hands as I wait for price to fully show me what is happening.
- We had a monthly candlestick closure that is very indecisive and we cannot tell if price is headed upwards or downwards
Weekly;
- The previous week's candlestick closed above 38,500 which is a major liquidity region
- The next major region is 39,100 (which is also the daily region)
- There is also a head and shoulders formation which indicates that price is headed upwards
Daily;
From a daily perspective, I expect price to continue going upwards.
- However, there is a chance of seeing a retest of 38620, which is a major region of support.
- Price may test 38620 before going upwards so as to collect orders.
- Since there is no sign of retracement, I just have to sit on my hands and wait.
4 hour;
- 38,715 is such a massive region where orders are collected.
For now I am sitting on my hands as I wait for price to fully show me what is happening.
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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.