Hello thread readers
6822, 6877 then 7039 are the swing highs to be concerned with on daily/weekly/monthly time frames. 6822 already proving an obstacle to long term bulls as more supply comes in there and today so far a follow south. That swing hi at 7039 is at base of a former monthly swing low zone (former support turns to resistance) that goes to around 7191...and above that 7321 is 50% of the total 2.1162-1.3505 fall. No doubt that in this moment 4hr daily and weekly remain technically bullish and monthly too despite the march candle close remains ' constructive ' within that overall ranginess on that time frame.
Best Wishes.
6822, 6877 then 7039 are the swing highs to be concerned with on daily/weekly/monthly time frames. 6822 already proving an obstacle to long term bulls as more supply comes in there and today so far a follow south. That swing hi at 7039 is at base of a former monthly swing low zone (former support turns to resistance) that goes to around 7191...and above that 7321 is 50% of the total 2.1162-1.3505 fall. No doubt that in this moment 4hr daily and weekly remain technically bullish and monthly too despite the march candle close remains ' constructive ' within that overall ranginess on that time frame.
Best Wishes.
it's all gone a bit........