Índice Médio de Transportes Dow JonesViés de baixa
Too much of something isn't always good
If the current downtrend channel can hold up the price well, then you know what to expect, ain't ya!
1st scenario: next bar will even pierce through channel top and challenge R1. If this is the case, MACD & RSI are continuing to make lower high which resulting in more bearishness. Price might stall between Pivot & Resistance 1 for awhile before making a U-turn.
2nd scenario: next bar only enough to challenge pivot and then consolidate for awhile and then make a big U-turn.
still MACD & RSI continue to make lower high.
Next anticipated support would be between 7490 - 7550, which confluence with S5 & Fibo 1.618 level.
Another bearish indicator if you have forgotten-PRICE FLIES away from 8ema!
P.S. I won't rule out the very slim chance of price challenging R2.
1st scenario: next bar will even pierce through channel top and challenge R1. If this is the case, MACD & RSI are continuing to make lower high which resulting in more bearishness. Price might stall between Pivot & Resistance 1 for awhile before making a U-turn.
2nd scenario: next bar only enough to challenge pivot and then consolidate for awhile and then make a big U-turn.
still MACD & RSI continue to make lower high.
Next anticipated support would be between 7490 - 7550, which confluence with S5 & Fibo 1.618 level.
Another bearish indicator if you have forgotten-PRICE FLIES away from 8ema!
P.S. I won't rule out the very slim chance of price challenging R2.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.