ericpicar

ericpicar

Pivot points from 6M, 3M and 1M. Shown as well are the S&R levels from 3M and 1M. Here we can see key levels within the trendlines drawn on the 1M timeframe. Price trading below the three major PP means there's strong selling pressure. Here we could also see significant supply/demand zones from the past. Stochastic Oscillator on the daily is at 50% while the 4H...

ericpicar

Possible bullish move to key levels at the PP or coinciding Support levels

ericpicar

Short term bearish pullback before going back into the main bullish trend?

ericpicar

RSI divergence showing possible bearish towards 1950-60 levels before going back to main bullish trend. If these support levels get broken through, it's possible to reach the strong support level of 1917 which was a strong resistance level back in Aug/Sept 2011 then made multiple S&R flips. Possible price range to be reached around 2120 based on the Fibo...