M1 : Ongoing trend reversal in progress
W1 : Currently, below the Mid Bollinger Band
D1 : Below the clouds. Recovery attempt. Pivot level @ 45000 (D1 closing basis)
H4 : Potential double bottom in progress ! Trigger @ 45'850
H1 : Above cluster. Double bottom trigger level (45'850), also coincides with H1 clouds resistance area
M30 : Attempting to breakout the clouds resistance
M15 : Above the clouds. In a slightly uptrend channel and above cluster
M5 : In a sideways channel , watch the cluster ahead of clouds zone (45000-44000), as support
levels.
CONCLUSION :
ON A DAILY BASIS, A CLOSING LEVEL ABOVE 45'000 WOULD NEUTRALISE TEMPORARY THE ONGOING DOWNSIDE RISK
STILL IN PLACE,CALLING FOR LOWER LEVELS TOWARDS A RETEST OF FORMER LOW @ 42'100 AHEAD OF 34'372 AS A
FURTHER TARGET.
Have a nice trading day
All the best
Take care
And, please, if you find my work valuable for you, do not forget to like it and add me in your following list for those who did not do yet :-)
Thanks.
Ironman8848
W1 : Currently, below the Mid Bollinger Band
D1 : Below the clouds. Recovery attempt. Pivot level @ 45000 (D1 closing basis)
H4 : Potential double bottom in progress ! Trigger @ 45'850
H1 : Above cluster. Double bottom trigger level (45'850), also coincides with H1 clouds resistance area
M30 : Attempting to breakout the clouds resistance
M15 : Above the clouds. In a slightly uptrend channel and above cluster
M5 : In a sideways channel , watch the cluster ahead of clouds zone (45000-44000), as support
levels.
CONCLUSION :
ON A DAILY BASIS, A CLOSING LEVEL ABOVE 45'000 WOULD NEUTRALISE TEMPORARY THE ONGOING DOWNSIDE RISK
STILL IN PLACE,CALLING FOR LOWER LEVELS TOWARDS A RETEST OF FORMER LOW @ 42'100 AHEAD OF 34'372 AS A
FURTHER TARGET.
Have a nice trading day
All the best
Take care
And, please, if you find my work valuable for you, do not forget to like it and add me in your following list for those who did not do yet :-)
Thanks.
Ironman8848
