Daily Timeframe (TF Day):
Price formed a candlestick with equal highs.
Retested the Fibonacci 0.382 level at 3988.06, then pushed downward — indicating potential resistance and a bearish reaction.
H4 Timeframe:
Closed with a Doji candle, signaling indecision.
The current H4 candle (still forming) remains a Doji. If it fails to close as a bullish (green) candle, the price may continue to pull back.
Key Resistance Levels:
H4:
Zone: 4050.5 – 4035.4
Stop Loss (SL): 4061
H1:
Zone: 3994 – 3985
Stop Loss (SL): 4000
Key Support Level:
3911.7 – 3900.2
Price formed a candlestick with equal highs.
Retested the Fibonacci 0.382 level at 3988.06, then pushed downward — indicating potential resistance and a bearish reaction.
H4 Timeframe:
Closed with a Doji candle, signaling indecision.
The current H4 candle (still forming) remains a Doji. If it fails to close as a bullish (green) candle, the price may continue to pull back.
Key Resistance Levels:
H4:
Zone: 4050.5 – 4035.4
Stop Loss (SL): 4061
H1:
Zone: 3994 – 3985
Stop Loss (SL): 4000
Key Support Level:
3911.7 – 3900.2
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.