We broke back into the 1.786 of the fib channel (last idea) after consolidating below it for an entire day yesterday.
Levels to be aware of :
- Resistance : VAH (38k)
39.6k (which if we break, would be a first sign of a bottom being put in according to an EW count)
POC (41.9K)
Weekly (43k)
- Support : Very locally we have 36.2-36.5k
Then we have around 35.2k
If we lose those levels we could see a larger drop
So be aware of all those levels and watch the reaction to take trades.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Levels to be aware of :
- Resistance : VAH (38k)
39.6k (which if we break, would be a first sign of a bottom being put in according to an EW count)
POC (41.9K)
Weekly (43k)
- Support : Very locally we have 36.2-36.5k
Then we have around 35.2k
If we lose those levels we could see a larger drop
So be aware of all those levels and watch the reaction to take trades.
Any questions?
Good luck traders
Remember not to break your rules
Habib
