3:30am EST - Daily Trade Plan Update
We had a tight range between 6467-6484 overnight and price broke the overnight low and have found buyers at the 6462 level. Pretty straight forward from here. We need to clear 6472 to retest the overnight high. IF, price loses 6460 we will most likely retest the 6453 level which was Friday's low. We would then be looking for a nice reclaim of this level to move higher. IF, price does not reclaim the 6460 level on the back test, we will most likely keep moving lower with 6429, 6408, 6390 are the next levels below with 6390 the weekly low from last week and should see a good pop back up the levels above. We can't keep moving higher unless we reclaim 6472 level.
Initial Plan below - Also can be seen in the related publication section to the right.
Our first support down is 6462 then 6453. Ideally, we can flush one of these levels, reclaim and move higher with this week's targets being 6522, 6540, 6562, then 6588.
IF, price does pullback and can flush either 6452, 6426, 6390 as key areas to be tested and try to keep the bullish trend in play. IF, we lose 6390, that would be concerning in the short term, and price will need to find another yellow support line below for a reclaim back up the levels.
Above 6390 and we should continue up the levels of 6522, 6540 with very bullish case up to 6588.
I have posted my weekly view and can be viewed by clicking the link under related publications. We did meet our weekly targets last week as discussed in the weekly plan.
We had a tight range between 6467-6484 overnight and price broke the overnight low and have found buyers at the 6462 level. Pretty straight forward from here. We need to clear 6472 to retest the overnight high. IF, price loses 6460 we will most likely retest the 6453 level which was Friday's low. We would then be looking for a nice reclaim of this level to move higher. IF, price does not reclaim the 6460 level on the back test, we will most likely keep moving lower with 6429, 6408, 6390 are the next levels below with 6390 the weekly low from last week and should see a good pop back up the levels above. We can't keep moving higher unless we reclaim 6472 level.
Initial Plan below - Also can be seen in the related publication section to the right.
Our first support down is 6462 then 6453. Ideally, we can flush one of these levels, reclaim and move higher with this week's targets being 6522, 6540, 6562, then 6588.
IF, price does pullback and can flush either 6452, 6426, 6390 as key areas to be tested and try to keep the bullish trend in play. IF, we lose 6390, that would be concerning in the short term, and price will need to find another yellow support line below for a reclaim back up the levels.
Above 6390 and we should continue up the levels of 6522, 6540 with very bullish case up to 6588.
I have posted my weekly view and can be viewed by clicking the link under related publications. We did meet our weekly targets last week as discussed in the weekly plan.
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Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.