Here are the reasons why there is a high probability that we will break past 199-200 levels.
- Notice that price is using 20 EMA as support.
- We have multiple 199 test/rejections but also notice that we have higher lows forming in this consolidation period.
- To support this idea notice that price only drops to the .50 fib. In other words, price reaches equilibrium but it's not dropping below .50 for a discount.
- These multiple confirmation I believe make this a high probability scenario to break out of the 200 levels and push up to a new range.
- Notice that price is using 20 EMA as support.
- We have multiple 199 test/rejections but also notice that we have higher lows forming in this consolidation period.
- To support this idea notice that price only drops to the .50 fib. In other words, price reaches equilibrium but it's not dropping below .50 for a discount.
- These multiple confirmation I believe make this a high probability scenario to break out of the 200 levels and push up to a new range.
Nota
We broke 200 resistance! but we are not out of the woods yet since we didn't see an aggressive push past 200. the 199-200 level is broken, now the question is whether we can remain above this range for a few days to use 199-200 as support.Trade chiuso: obiettivo raggiunto
200 level now acting as support and we have pushed up 210 levels.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.