Bullish pinbar on the hour looking like a confirmation for at least another retest of the high 8000’s/low 8100 area.
Looking for a close above 8005 on the higher timeframes for a move to the much larger resistance area of 8300. If we break and close above that, I’d look for a move to 9k-9500 area before a larger correction.
This has been an interesting range to observe as the price action leads me to believe the power is in the hands of the buyers at the moment.. If that deems not to be the case, I’d say a correction to the low 6k range will probably occur sooner than later.
Looking for a close above 8005 on the higher timeframes for a move to the much larger resistance area of 8300. If we break and close above that, I’d look for a move to 9k-9500 area before a larger correction.
This has been an interesting range to observe as the price action leads me to believe the power is in the hands of the buyers at the moment.. If that deems not to be the case, I’d say a correction to the low 6k range will probably occur sooner than later.