Weekly Forecast.
Potential swing low forming @ 200 EMA zone
after a run on sell stops. 31% drop from all time high (average drop).
1.Price must not be lower than previous weeks low for a bullish
bias. Potential Head and shoulders on lower TF.
2. Price can potential run below EMA for buy orders.
D1 Bias
Price runs short term low and trades above it.
1. Creation of swing low confirms long
2. Target short term high 12600.0
Potential swing low forming @ 200 EMA zone
after a run on sell stops. 31% drop from all time high (average drop).
1.Price must not be lower than previous weeks low for a bullish
bias. Potential Head and shoulders on lower TF.
2. Price can potential run below EMA for buy orders.
D1 Bias
Price runs short term low and trades above it.
1. Creation of swing low confirms long
2. Target short term high 12600.0