At the same time, the total market decreased by 1%, which indicates the weakness of the decline last week.
🔥 Based on the past expiration of quarterly options on Friday, March 5, the main development scenario for the next week is a correctional increase with the nearest target - the level of the market maker's loss (1.1978).
In case of breakdown and consolidation above, the next growth target is the balance of the day (1.2014).
The nearest support is the option level at the price point 1.1896.
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🎯 The main scenario of the development of the event is a rebound from the indicated support and a subsequent increase to the level of the market maker's loss (1.1932).
In case of breakdown and consolidation below 1.1878, the next target of decline will be the premium level at 1.1845.
⚠️ The main scenario is a rebound from the specified price label and a subsequent decline to the option support range of 1.1829 - 1.1818, where the limit buyer and the premium of the hedgers zone are located.
In case of breakdown and consolidation above the lower border of the day's balance zone (1.1877), we expect an increase to the upper border of the day's option balance (1.1917).
If a buy pattern appears, open bullish positions with a target of an increase of 1.1918, where the market maker's loss level is located.
🔥 The further upside target in this case is the option balance of the day (1.1936).
📣 In case of retesting the market maker's loss level (1.1880), open additional bullish positions.
The closest resistance for today is the balance of the day (1.1939). The final target of growth for the week is the level of the highest net profit (1.1998).
✍️ When fixing above, the next growth target is the level of limit sellers (1.2018).
Before the close of the American session, we expect a correctional decline to the limit buyer (1.1986).