Please take a second to look at the big picture analysis here.
resistance levels
We're kinda dead center of a volume cluster that ranges from 133.93-139.22, which constrains our range. If we see upside momentum, our first resistance (minor) is 142.50 which, if we have any real momentum, should be taken out. The 139.43 level resistance is a bit stronger, it marks the top of the volume at price cluster range. In my experience these act a bit like gaps, the top and bottom of the range can act as resistance. Feel free to ask me about this in the comments. If we can break out of this volume at price cluster, above $139.43, I see some space to move up to $144 range. But I'm skeptical beyond that level unless we have news and strong volume.
support levels
As mentioned above, this volume cluster range is from 133.93-139.22, if we can crack below 133.93, the next support is $132.30, we've seen price react around this level multiple times over the past few months. I find the next levels a bit unlikely unless we get bad news, but the next levels are 129.65 (moderate) and finally 126.71 (strong support).
resistance levels
We're kinda dead center of a volume cluster that ranges from 133.93-139.22, which constrains our range. If we see upside momentum, our first resistance (minor) is 142.50 which, if we have any real momentum, should be taken out. The 139.43 level resistance is a bit stronger, it marks the top of the volume at price cluster range. In my experience these act a bit like gaps, the top and bottom of the range can act as resistance. Feel free to ask me about this in the comments. If we can break out of this volume at price cluster, above $139.43, I see some space to move up to $144 range. But I'm skeptical beyond that level unless we have news and strong volume.
support levels
As mentioned above, this volume cluster range is from 133.93-139.22, if we can crack below 133.93, the next support is $132.30, we've seen price react around this level multiple times over the past few months. I find the next levels a bit unlikely unless we get bad news, but the next levels are 129.65 (moderate) and finally 126.71 (strong support).
Comment:
Very strong push... but look where it rejected. Review my notes.
