Daily S/R Levels for Monday
- Hunger games of bulls still in tact.. Breaking 1.21445 area is their first and foremost task,
- Bears are probably only watching how bulls will end up with this.. 1.2085 is their pivot-ish support,
- We have an inverted H&S pattern and a potential Cypher currently supporting the bullish side, but we must notice that this whole move is just noise inside a big sideways triangle.. Without a major breakout from it we can't confirm what's next.. That's why 1.21445 resistance area is highly important!
- Overall: Since daily chart is currently bull-ish/flat-ish, charts of smaller time frames could tell better..
I hope it helps.. Enjoy your weekends folks.. Cheers
Be a seer, not a looker!
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