Today's Support and Resistance Levels:
R3: 140.69
R2: 140.02
R1: 139.61
Current Spot: 139.22
S1: 139.12
S2: 138.46
S3: 138.16
Technical Summary:
We did not get a resolution yesterday, as this cross traded in a narrow band between 138.46 and 139.56 all day. I'm still looking for confirmation, Whether a major top is in place at 140.02, which a break below 138.46 will bring and call for a impulsive decline towards at least 137.82 for the short term and much lower towards at least 124.92 for the longer term. Or whether one more new high just above 140.02 is need, which a break above 139.61 will confirm.
Today's Support and Resistance Levels:
R3: 1.6775
R2: 1.6721
R1: 1.6690
Current Spot: 1.6657
S1: 1.6621
S2: 1.6598
S3: 1.6580
Technical Summary:
After a slightly deeper correction towards 1.6522, we saw a new impulsive rally above resistance at 1.6635 and it should only be a matter of time before the next impulsive rally higher towards at least 1.6919 is seen. A break above minor resistance at 1.6690 will be the first indication, that the next impulsive rally has begun. However, as minor resistance at 1.6690 protects the upside we could see a little more downside correction, which a break below 1.6621 will confirm for a move closer to 1.6580 before up in the next impulsive rally. Under no circumstances can a break below 1.6522 be allowed under this scenario.
hy ews! as i told you. i dont think there is a 5 in work. it looks like a 3 of III. greetings
ReplyDeleteca you show us your wave count?
ReplyDelete