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Today's gap is 8795 ~ 8680.
We need to make sure that there can be movement to fill the gap.
It started at about 8720 or less, which is three quarters of Low (4210) on March 13 to High (10220) on May 8.
We need to make sure we can rise above the 8720 point. You should also check for possible movements to fill the gap.
We need to see where the closing price in the 1D chart on May 12 is generated. This is expected to play an important role in understanding the future trend.
It is also necessary to check whether it will fall to 8645 ~ 8265, which was the former gap section, or 8100 ~ 7990, which is the approximate section where EMA is concentrated.
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See support, resistance, and abbreviation points. Support or resistance is based on the closing price on the 1D chart.
Description of abbreviations shown in chart R: A resistance point or section where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
GAP is the difference in price that occurred when a CME exchange is closed because it is not a 24-hour transaction. G1: closing price when closed G2: market price when opening
Hello sir nice analysis. By any chance can you give me the name of the red and green trend indicator ?
readCrypto
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@Simba10, Thanks for leaving a comment.
RSI 50 expresses the price when the price crosses RSI 50 as the closing price.
I think the longer this sign, the more it can play a role of support and resistance.
The meaning of the Heikin Ashi body and Signal will be understood by looking at the chart frequently.