Zane_Andrew

Zane_Andrew

Bearish Scenario A sustained move under .7537 will indicate the presence of sellers. If this creates enough downside momentum, we could see the start of a correction back to the first support zone at .7351 to .7307.

Zane_Andrew

Bullish Scenario A sustained move over $1927.60 will indicate the presence of buyers. If this move creates enough upside momentum then look for a surge into the major Fibonacci level at $1951.00. Overtaking this level could lead to a test of yesterday’s high at $1976.50. This is a potential trigger point for an acceleration to the upside with the August 6, 2020...

Zane_Andrew

Bearish Scenario A sustained move under $1899.80 will signal the presence of sellers. This could trigger a late session pullback into $1861.60, but not necessarily lead to a change in the main trend.

Zane_Andrew

A sustained move over $1851.40 will indicate the presence of buyers. The first minor target is $1863.50. Overtaking this level could trigger a further rally into the November 16 main top at $1882.50, followed by a long-term 50% level at $1899.80.