Daily
-Spinning bottom candle (bull)
-RSI broke out resistance trendline, then retested with success
12h
-spinning bottom following by hammer (bull)
-heikin ashi smoothed went green (bull)
-RSI trendline not broken out yet
Resistances to pass :
-10400 (pMonthly pivot)
-10600 (POC)
-11000 (high + """POTENTIAL""" iH&S neckline) (a pattern is not a pattern until it's validated)
Zones to support :
-10100 (local POC + Daily pivot)
-9750 (previous W candle opening)
POC = volumes Point Of Control (where the most volumes were exchanged on horizontal levels, you can see it thanks to the VPVR tool)
Thank you
-Spinning bottom candle (bull)
-RSI broke out resistance trendline, then retested with success
12h
-spinning bottom following by hammer (bull)
-heikin ashi smoothed went green (bull)
-RSI trendline not broken out yet
Resistances to pass :
-10400 (pMonthly pivot)
-10600 (POC)
-11000 (high + """POTENTIAL""" iH&S neckline) (a pattern is not a pattern until it's validated)
Zones to support :
-10100 (local POC + Daily pivot)
-9750 (previous W candle opening)
POC = volumes Point Of Control (where the most volumes were exchanged on horizontal levels, you can see it thanks to the VPVR tool)
Thank you
Comment:
Price was rejected after resistance after a short term bounce
This scenario was obviously canceled when price went under 10100 and 9700
This scenario was obviously canceled when price went under 10100 and 9700
Comment:
10100 support is now more important than 10600 resistance