Multi Time Frame Analysis -
5 min - Clear sideways narrow zone - 24220-24020
15 min - Close at the major resistance trend line
1 hour time frame - Major Channel gave support
Now for tomorrow,
Global Cues -
Dow retesting, 26500 support zone
E100 also roaming around support. (Dow and E100 analysis done in previous posts)
Scenario's for tomorrow -
Important price action at 24100 for longs till 24350 or short till 23800
24100 can be termed as a flip level and hence we can trade for both sides depending on the price action.
Happy Trading!
5 min - Clear sideways narrow zone - 24220-24020
15 min - Close at the major resistance trend line
1 hour time frame - Major Channel gave support
Now for tomorrow,
Global Cues -
Dow retesting, 26500 support zone
E100 also roaming around support. (Dow and E100 analysis done in previous posts)
Scenario's for tomorrow -
Important price action at 24100 for longs till 24350 or short till 23800
24100 can be termed as a flip level and hence we can trade for both sides depending on the price action.
Happy Trading!