CME GAP and 12H bullish OB.
Also Daily previous resistance, should now turn support.
Targeting 11k/10.9k from where we are now.
Signs of exhaustion:
- climactic volume candles.
- CME Gap down below.
- traded into and past previous resistance (shakeout shorts?)
- 12 hourly RSI finally got a double top and divergence over short period - wait for 12 hourly candle to close out to see where it goes.
Also Daily previous resistance, should now turn support.
Targeting 11k/10.9k from where we are now.
Signs of exhaustion:
- climactic volume candles.
- CME Gap down below.
- traded into and past previous resistance (shakeout shorts?)
- 12 hourly RSI finally got a double top and divergence over short period - wait for 12 hourly candle to close out to see where it goes.