5 Lower Highs in the last 5 months
Ranging between 7042 and 7547
Breaking 7042 will see drop to 6832
Breaking 7542 will see rise to 7735
Approaching a falling wedge structure towards the end of the week
Expecting a drop to 7088 and a test of the 9 months support line
Ranging between 7042 and 7547
Breaking 7042 will see drop to 6832
Breaking 7542 will see rise to 7735
Approaching a falling wedge structure towards the end of the week
Expecting a drop to 7088 and a test of the 9 months support line
Comment:
Expected drop to 7088
Weak bounce on the 9 months support drop
Ranging between 7088 and 7300
Move should come tomorrow which I am expecting to drop down to 6840
Weak bounce on the 9 months support drop
Ranging between 7088 and 7300
Move should come tomorrow which I am expecting to drop down to 6840
Expecting a retest of the support line
Monthly S/R is getting tighter and tighter
Expecting a direction on Friday
Good entry at 6845 should the support be broken