Could we see a push down to 1980 before bulls push price through all time highs again?
1980 was a good strong support and resistance level for some time then price smashed its way through without retesting this level as support and most the times when a strong level is broke price will re test the level before moving in the way of the breakout.
Now as price is at all time highs we have no resistance levels to judge where price might hit a brick wall and come back down, but price is just starting to slow down and stall around 2045 area so i can see price dropping to find some support before pushing back up, now 1980 would be quiet a big drop but this is the only key support level that sticks out for me so this is where i will have an order set.
If you would like any help trading the just send me a message.
Lots Of Love Laura x
1980 was a good strong support and resistance level for some time then price smashed its way through without retesting this level as support and most the times when a strong level is broke price will re test the level before moving in the way of the breakout.
Now as price is at all time highs we have no resistance levels to judge where price might hit a brick wall and come back down, but price is just starting to slow down and stall around 2045 area so i can see price dropping to find some support before pushing back up, now 1980 would be quiet a big drop but this is the only key support level that sticks out for me so this is where i will have an order set.
If you would like any help trading the just send me a message.
Lots Of Love Laura x