We can see a change of character , with the weekly breaking about above 160 range.
Some consolidation or test of SR at 160 would give oppoortunity to add lower.
No significat resistance / supply zone till 200. That would be the first target.
Above that we can see the Fixed Range Volume Profile - giving us the next supply block around 255-260.
I expect this move to take 2-3 quarters (Jun-Aug 2024).
Some consolidation or test of SR at 160 would give oppoortunity to add lower.
No significat resistance / supply zone till 200. That would be the first target.
Above that we can see the Fixed Range Volume Profile - giving us the next supply block around 255-260.
I expect this move to take 2-3 quarters (Jun-Aug 2024).
Comment:
Weekly EMA 200 ( has been holding as support, and we got a bounce from that.
On the Daily, we have a flip of 55,100,200 EMA (all compressing around 142)
This looks like a solid place to add with the weekly close at 145!
Minimum target would be 162 gap close.
On the Daily, we have a flip of 55,100,200 EMA (all compressing around 142)
This looks like a solid place to add with the weekly close at 145!
Minimum target would be 162 gap close.
Weekly close below 144 won't be particularly positive , but if it manages to hold 143-144 , then it can be an opportunity to buy (purely from TA perspective) , but if already holding from lower range, one should avoid adding more risk here.
SL would be below 125 weekly close.