The price is sitting slightly above the 9. The 4h candle opened a few minutes ago,
i think the price action in the next 4 hours will give us a better idea of where the price is going.
While the overall trend is down, we are in overbought territory on the 1D frame.
We are also sitting right above a strong at 7800.00.
This means the following to options are in sight:
If this candle closes below the dotted line at 8145.00 we will probably go down and test our ,
located between 7700.00 and 7900.00 - which could break if high kicks in.
If this candle closes above the dotted line at 8215.00 we will probably go up to our ,
located between 8600.00 and 8800.00.
Wait for the market to give you a clear signal.
I will update this chart accordingly.
Leave a thumbs up if you like my idea and let me know what you think!
This will keep me motivated :-)
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
i'll post an updated idea in a few hours buddy!