I like 30,240 for the Daily Close. Price is consistently respecting our 30,600 Level. We can observe a sort of head and shoulders whatevr you want to call it and multiple daily highs rejecting 30,600. Is it our Fakeout level back to 28,500. I can see fomo buyers holding the bag here just because of our daily highs at 30,6 looks like distributing. If i'm a buyer i would like to continue to see HL's and we stay above 30,24. Then we may increase up to next daily level at 31.3K. Otherwise we may range or slowly distribute back down to 28,5 for liquidity.
Comment:
So we are on schedule to retest 28,500 target. We have completed a fakeout at our 30,615 level. We liked this level due to the amount of daily highs at that area. We reached our target at previous daily lows at 30,000 and have seen a nice push past it. 30,240 didn't hold
With the 4hr showing repect of 30,240, we will see if we have enough momentum
on HTF's to pull u back up to 31, recent daily highs at 31k