Price rejected the DTL for a third time, now anticipating price to reach the 17166 zone.
If it holds I believe there may be a possible retest of the TL or at very least price will reach 17600, before falling further.
If 17166 doesn't hold I expect to head for the weekly TL which as proven to act as strong support in the past, if price makes it here it'll be interesting to see how price reacts.
Possible fed rate hike pending this week, hence i'm out of indices; there could be very erratic behavior pending.
Happy Trading,
Chartster
If it holds I believe there may be a possible retest of the TL or at very least price will reach 17600, before falling further.
If 17166 doesn't hold I expect to head for the weekly TL which as proven to act as strong support in the past, if price makes it here it'll be interesting to see how price reacts.
Possible fed rate hike pending this week, hence i'm out of indices; there could be very erratic behavior pending.
Happy Trading,
Chartster