Hello everyone. It's been volatile for the past few days, especially after the higher-than-expected inflation came out last week. Investors were pretty concerned of the possible 1% rate hike. Two fed officials lowered the possibility that buyers came in again to try to take the control back.
With a higher low and same high structure formed on the daily, I think market is getting momentum to the upside. The key level is likely to be penetrated through. I got my confirmation on the volume marked on the chart.
It seems that after 34% drop from the peak created last November. Sellers need to take some rest. The key level is around 12900 where I expect huge selling pressure sits.
What do you think? Give me a like if you're with me.
With a higher low and same high structure formed on the daily, I think market is getting momentum to the upside. The key level is likely to be penetrated through. I got my confirmation on the volume marked on the chart.
It seems that after 34% drop from the peak created last November. Sellers need to take some rest. The key level is around 12900 where I expect huge selling pressure sits.
What do you think? Give me a like if you're with me.
plan your trade and trade your plan