Price zones / levels that need to be closely watched ...
Monthly trend is Down .
Weekly trend is Up .
Daily Trend Up
Hourly Trend UP.
Hour close Ema @ 5119. As long as prices close above this hour trend will remain up .
Indicators suggest OB for some time now . Also -ve divergence all over the hour charts ...correction will come soon I feel but when ?
For now weakness if prices close below Hour close Ema with some volumes that is 5119.
The Hour low Ema @ 5104 .
Day TF says
Day close Ema @ 5044 , DHema @ 5058 and DLema @ 4995.
Now if we keep a filter of 15 points to HLema in Hour TF then it comes to 5089.
Monthly Pivot 4792
Week Pivot 4980
Day Pivot 5106.
Shorting opportunity once prices close below 5089.
Some Charts :
Prices are trading at the channel resistance ...
Monthly trend is Down .
Weekly trend is Up .
Daily Trend Up
Hourly Trend UP.
Hour close Ema @ 5119. As long as prices close above this hour trend will remain up .
Indicators suggest OB for some time now . Also -ve divergence all over the hour charts ...correction will come soon I feel but when ?
For now weakness if prices close below Hour close Ema with some volumes that is 5119.
The Hour low Ema @ 5104 .
Day TF says
Day close Ema @ 5044 , DHema @ 5058 and DLema @ 4995.
Now if we keep a filter of 15 points to HLema in Hour TF then it comes to 5089.
Monthly Pivot 4792
Week Pivot 4980
Day Pivot 5106.
Shorting opportunity once prices close below 5089.
Some Charts :
Prices are trading at the channel resistance ...
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