H4 : 3 successive white candles with a failure for the last one
to successfully breakout the top of the clouds (54140), the Kijun-Sen (54289) and the Mid Bollinger Band
(54437) !!!
This cluster should be seen as the resistance zone to breakout.
Indeed, a sustainable move above 54'500 would neutralise the ongoing downside risk and would open the door
for further upside towards 55'000 (former congestion top) ahead of 56'500 former high.
A failure to do it would put the focus again on the clouds area support ranging currently from 53'900 to 51'000,
intermediate supports being :
S1 : 52'838
S2 : 51725
S3 : 50610
Watch shorter intraday time frames to get clues :-)
All the best and may your long goes up and your short goes down
Take care
Ironman8848
to successfully breakout the top of the clouds (54140), the Kijun-Sen (54289) and the Mid Bollinger Band
(54437) !!!
This cluster should be seen as the resistance zone to breakout.
Indeed, a sustainable move above 54'500 would neutralise the ongoing downside risk and would open the door
for further upside towards 55'000 (former congestion top) ahead of 56'500 former high.
A failure to do it would put the focus again on the clouds area support ranging currently from 53'900 to 51'000,
intermediate supports being :
S1 : 52'838
S2 : 51725
S3 : 50610
Watch shorter intraday time frames to get clues :-)
All the best and may your long goes up and your short goes down
Take care
Ironman8848
