15th September Thursday 2022: Technical Outlook and Review
On the H4, the price reversed from the 4100 price area forming a bearish channel, with the price falling towards the 1st support are of 3900. With our bearish bias still valid, as price trades back towards the 61.8% Fibonacci retracement, look for price to test the 1st support area.
14th September Wednesday 2022: Technical Outlook and Review
On the H4, price reversed from the 4100 price area forming a bearish channel, with price falling towards the 1st support of 3900. With our bearish bias still valid, as price trades below the ichimoku indicator, look for price to test the pullback support and the 61.8% fibonacci retracement.
13th September Tuesday 2022: Technical Outlook and Review
On the H4, price bounced from the 3900 support level earlier and is climbing steadily towards the 1st resistance of 4179. With price moving below the ichimoku indicator, our bearish bias is still valid, while looking for price to drop from the pullback resistance of 61.8% fibonacci retracement.
12th September Monday 2022: Technical Outlook and Review
On the H4, with prices breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that the price will drop from 1st resistance at 4089.97 where the pullback resistance, 50% fibonacci retracement and 100% fibonacci projection are to the 1st support at 3945.01 where the pullback support is.
09th September Friday 2022: Technical Outlook and Review
On the H4, with prices breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that the price will drop to the 1st support at 3945.01 where the pullback support is. Once there is downside confirmation that price has broken 1st support structure, we would expect bearish momentum to carry price to 2nd support at 3722.42 where the swing low support is.
08th September Thursday 2022: Technical Outlook and Review
On the H4, with prices breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that the price will drop to the 1st support at 3945.01 where the pullback resistance is.
07th September Wednesday 2022: Technical Outlook and Review
On the H4, with prices breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that the price will drop from 1st resistance at 3945.01 where the pullback resistance is to the 1st support at 3722.42 where the swing low support is.
06th September Tuesday 2022: Technical Outlook and Review
On the H4, with prices breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that the price will drop from 1st resistance at 3945.01 where the pullback resistance is to the 1st support at 3722.42 where the swing low support is.
05th September Monday 2022: Technical Outlook and Review
On the H4, with prices breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that the price will drop from 1st resistance at 3945.01 where the pullback resistance is to the 1st support at 3722.42 where the swing low support is.
