BRITANNIA - POTENTIAL RANGE EXPANSION
Weekly pivot analysis
Camarilla, Pivot Range & Money zone levels are extremely compressed for the upcoming week
Monthly pivot analysis
through out the session, Previous month high has been defended. however, if the same is broken, we can expect a move towards monthly Money zone.
PEMA analysis.
pema is stacked and sloped. any dip to pema could also be defended. fresh longs are adivsable only after price making a new high on monthly level.
CONCLUSION
the price does seem to give a good expansion in the upcoming week. the expansion towards upside seems more reliable than to the downside as there are multiple defenses to the down side including pema, unfilled virgin cpr from daily level and monthly pivot range each of which could form potential barrier before forming new lows.
Camarilla, Pivot Range & Money zone levels are extremely compressed for the upcoming week
Monthly pivot analysis
through out the session, Previous month high has been defended. however, if the same is broken, we can expect a move towards monthly Money zone.
PEMA analysis.
pema is stacked and sloped. any dip to pema could also be defended. fresh longs are adivsable only after price making a new high on monthly level.
CONCLUSION
the price does seem to give a good expansion in the upcoming week. the expansion towards upside seems more reliable than to the downside as there are multiple defenses to the down side including pema, unfilled virgin cpr from daily level and monthly pivot range each of which could form potential barrier before forming new lows.
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