Analysis:
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Monthly StochRSI is OVERSOLD; monthly AB DOWN SWING - Price is moving down towards 1.618 TARGET
Monthly Las AB Down SWING: price is at .382 Retracement
Weekly StochRSI is GOING UP
Last AB Up Swing; Price is moving down towards 1.618 TARGET
Daily StochRSI is oversold - UP A (@ 111.824) B (@105.408) SWING - Price retraced back to .236 @ 110.098
Daily Counter trend-line is NOT BROKEN YET; wait for the counter trend line back; move STOPLOSS to Break Even if price drops near the backside of the down trend line and a bulish candle stick formation occurs; price can reverse to fill the VOID between inner trend line and last trend line
Daily BIAS is bearish
Daily - Pivot Point
4 hour StochRSI is overbought
2 hour StochRSI is overbought
First target 1.27 and 1.68 of AB Swing @ 104.00
2nd target 1.68 of AB Swing @ 101.438
Trade VALID if price breaks the last counter trend-line below the downtrend-line
Stop Loss 112.157
Take Profit 104.074
Risk Reward 2.49
TIME REQUIRED: NA
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Monthly StochRSI is OVERSOLD; monthly AB DOWN SWING - Price is moving down towards 1.618 TARGET
Monthly Las AB Down SWING: price is at .382 Retracement
Weekly StochRSI is GOING UP
Last AB Up Swing; Price is moving down towards 1.618 TARGET
Daily StochRSI is oversold - UP A (@ 111.824) B (@105.408) SWING - Price retraced back to .236 @ 110.098
Daily Counter trend-line is NOT BROKEN YET; wait for the counter trend line back; move STOPLOSS to Break Even if price drops near the backside of the down trend line and a bulish candle stick formation occurs; price can reverse to fill the VOID between inner trend line and last trend line
Daily BIAS is bearish
Daily - Pivot Point
4 hour StochRSI is overbought
2 hour StochRSI is overbought
First target 1.27 and 1.68 of AB Swing @ 104.00
2nd target 1.68 of AB Swing @ 101.438
Trade VALID if price breaks the last counter trend-line below the downtrend-line
Stop Loss 112.157
Take Profit 104.074
Risk Reward 2.49
TIME REQUIRED: NA
Trade closed: target reached
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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.
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.