Simple project with projected simulated potential support & resistance zones in the rectangles and the curve. The first ellipse is more like a guide in potential tendencies, also acting as a magnet with possible consolidation types of price action in case the price reaches that zone. The last elements, the green ellipse and the triangle, are more like wild card elements with their potential role in the snapshot to be revealed as the project evolves with the comments and updates that will go along with the relevant events in this market.
Comment:
Good earnings. From 3000 to 3800, back at 3400 at the rectangle founding a little bit of support. Maybe if it holds we see 3700 again.
Comment:
A very nice rebound from the red rectangle. Closed at 3675.