I believe the price has topped or is near topping. The topside resistance for me is 9909. For me, 8805 is now the main support for today. I believe the price will correct down to in between 9586 and 9492. I may be off by a few digits, so pardon me. I also believe the price will begin its next big move up at or after 8:00 utc time. 9637 is a minor support.
A move above 9909 would initially target 10192.
AS I SAID, 8805 IS THE MAIN S/R FOR TODAY. IT IS KEY. 9909 IS THE MAIN RESISTANCE FOR TODAY.
That's my setup.
At the moment, I am flat and waiting for an opportunity to enter a long trade.
Please note that I am a lower t.f scalp trader. I am not a swing trader, so my time in the market is relatively brief. I am in and out. Enter trade, see profit, take profit and exit. 0 cares given.
How do I come up with my estimates? I must admit that for confluence, in my analysis I use the analysis given by the Tekglow Bot.
NOTE: TODAY IS A VERY BULLISH DAY ACCORDING TO TIME. NOT THE WISEST TIME TO SHORT. REALLY NOT. PATIENCE FOLKS. THERE IS A REASON WHY PEOPLE DON'T MAKE MONEY WHEN THE PRICE IS GOING UP: NO PATIENCE.
Also I believe the price is likely to remain bullish until at least Saturday.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.