R1 – Near-Term Supply
98 – 100
Psychological round number
Expect profit-taking / pauses, not necessarily reversal
R2 – Weekly Expansion Target
105 – 108
Measured move from consolidation height
Likely zone for first major weekly rejection attempt
R3 – Macro Resistance
115 – 120
Prior weekly distribution area (historical)
Only comes into play if momentum + market stay strong
98 – 100
Psychological round number
Expect profit-taking / pauses, not necessarily reversal
R2 – Weekly Expansion Target
105 – 108
Measured move from consolidation height
Likely zone for first major weekly rejection attempt
R3 – Macro Resistance
115 – 120
Prior weekly distribution area (historical)
Only comes into play if momentum + market stay strong
Trade closed: stop reached
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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.