Hey traders and investors!
I expected a correction to 2605.31 and a good buyer's resumption last week, but the correction didn't happen. Let's look at the chart.
A range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855.
The buyer's vector 5-6 has reached the upper boundary of the range. The seller's vector 6-7 is now relevant, with potential targets at 2605.31 (2581.445, 2536.855).
There was a consolidation in the middle of the range, so a buyer's resumption may occur within the 2650-2627 range.
Good luck with your trading and investments!
I expected a correction to 2605.31 and a good buyer's resumption last week, but the correction didn't happen. Let's look at the chart.
A range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855.
The buyer's vector 5-6 has reached the upper boundary of the range. The seller's vector 6-7 is now relevant, with potential targets at 2605.31 (2581.445, 2536.855).
There was a consolidation in the middle of the range, so a buyer's resumption may occur within the 2650-2627 range.
Good luck with your trading and investments!
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Related publications
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.
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Related publications
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.