Potential fALL TWO CRITICAL AREAS . We have support an resistance areas that are very strong
We have a major support and resistance and price is bouncing in-between ... Expect a fall
Once the channel is broken, expect a retest of the Channel then a fall.
Possibility of entering the yellow zone
De30 is expected to touch the bottom of the channel
DE30 MAY TOUCH THE SUPPLY ZONE THEN ATTEMPT TO TOUCH THE DEMAND ZONE FOR A 3RD TIME OR IT MAY BREAK BELOW THE SUPPLY ZONE AND CONTINUE DOWNWARD. TRADE AT YOUR OWN RISK!
ONCE THE FIRST TP LINE IS BROKEN AND RETESTED PREPARE TO WELCOME TP 2
possibilities of the market. Try to understand the mark ups
S30TOUCHES A NEW HIGH AT 27633. This area is expected to become a new resistance and it will be tested at least twice. Price is expected to make a retracement at 23.6% or 38.2% RETEST the sell to 27409
Earlier I posted this potential move on the 15 min time frame on the 1hr time frame it played out well!
Bounces on and off support and resistance then break out upwards