Two time frame perspectives.
Short Term - Daily Chart - Neutral to Bearish
Trading at overhead swing high resistance, possible dark cloud cover candle formation.
7-day RSI at 80. A 'near overbought' zone
Extended vs it's 50-EMA
Extended vs current pivot
Trading at 63-day (qtrly) and 200-day (yearly) linear regression channel resistance.
Medium Term - Weekly Chart - Neutral To Bullish
Ascending triangle developed
Held weekly pivot and nearing 'R1' (positive)
If 27700c turns to support (from resistance), this will add further conviction.
For more technical insights and opportunities, get in touch with me today.
Short Term - Daily Chart - Neutral to Bearish
Trading at overhead swing high resistance, possible dark cloud cover candle formation.
7-day RSI at 80. A 'near overbought' zone
Extended vs it's 50-EMA
Extended vs current pivot
Trading at 63-day (qtrly) and 200-day (yearly) linear regression channel resistance.
Medium Term - Weekly Chart - Neutral To Bullish
Ascending triangle developed
Held weekly pivot and nearing 'R1' (positive)
If 27700c turns to support (from resistance), this will add further conviction.
For more technical insights and opportunities, get in touch with me today.
