M1 : One way up...
W1 : Weekly pivot level @ 3'436
D1 : In an ongoing uptrend channel attempting currently
to breakout on the upside this channel. Wait D1 closing today
H4 : Same than D1. Next H4 closing level would already give some clues for
the upcoming trading hours.
H1 : Actually caught in a 4200-4350 trading range watch breakout on one or on the
other side.
On the upside, door open for unchartered territory...
On the downside, watch current uptrend support line and Mid Bollinger Band as first
support levels indicators.
M30 : Potential double top formation in progress !
M15 : Same than M30
M5 : Watch cluster support TS-KS-MBB which for the time being has rejected downside breakout attempt
CONCLUSION : A FAILURE TO STAY AND HOLD SUSTAINABLY ABOVE THE 4'200 LEVEL WOULD CONFIRM
A TEMPORARY TOP IN PLACE, CALLING FOR A DOWNSIDE MOVE TOWARDS THE 4'000 AREA FIRST AHEAD
OF MAY 10TH LOW @ 3650 WHICH IS ALSO THE CLOUDS SUPPORT ZONE ON H4 TIME FRAME !
W1 : Weekly pivot level @ 3'436
D1 : In an ongoing uptrend channel attempting currently
to breakout on the upside this channel. Wait D1 closing today
H4 : Same than D1. Next H4 closing level would already give some clues for
the upcoming trading hours.
H1 : Actually caught in a 4200-4350 trading range watch breakout on one or on the
other side.
On the upside, door open for unchartered territory...
On the downside, watch current uptrend support line and Mid Bollinger Band as first
support levels indicators.
M30 : Potential double top formation in progress !
M15 : Same than M30
M5 : Watch cluster support TS-KS-MBB which for the time being has rejected downside breakout attempt
CONCLUSION : A FAILURE TO STAY AND HOLD SUSTAINABLY ABOVE THE 4'200 LEVEL WOULD CONFIRM
A TEMPORARY TOP IN PLACE, CALLING FOR A DOWNSIDE MOVE TOWARDS THE 4'000 AREA FIRST AHEAD
OF MAY 10TH LOW @ 3650 WHICH IS ALSO THE CLOUDS SUPPORT ZONE ON H4 TIME FRAME !
