Moving down from the Daily time frame we can see 2 major levels of support with a minor level of support at 1924. I don't believe price will have much of an issue getting through this price, however time will tell.
My overall gameplan will be looking for sells if we can close below 1939 with Price Action telling us in the past that 1900 would be the next logical target.
Buys would need to see 1939 reject, follwed by ranging action within this AOI (area of Indecision) and we can then move up after having grabbed liquidity and trapping bears.
Time will tell!
My overall gameplan will be looking for sells if we can close below 1939 with Price Action telling us in the past that 1900 would be the next logical target.
Buys would need to see 1939 reject, follwed by ranging action within this AOI (area of Indecision) and we can then move up after having grabbed liquidity and trapping bears.
Time will tell!