Wednesday 15th May 2024: Technical Outlook and Review
An overlap resistance is identified at this level, suggesting a significant area of potential selling pressure.
Tuesday 14th May 2024: Technical Outlook and Review
Price could potentially make a bearish reaction off pivot and drop to 1st support.
Monday 13th May 2024: Technical Outlook and Review
Multi-swing high resistance, suggesting a significant level where selling pressure might intensify, also coinciding with the 161.80% Fibonacci Extension.
Friday 10th May 2024: Technical Outlook and Review
Price is trading around the pivot and could potentially make a bullish reaction off this level to rise towards the 1st resistance.
Thursday 9th May 2024: Technical Outlook and Review
Price is trading around the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support
Wednesday 8th May 2024: Technical Outlook and Review
Price is rising towards the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support.
Tuesday 7th May 2024: Technical Outlook and Review
Price is rising towards the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support
Monday 6th May 2024: Technical Outlook and Review
Price could potentially make a bearish reaction through the pivot (Downside Confirmation) and drop towards the 1st support
Friday 3rd May 2024: Technical Outlook and Review
Identified as an overlap support that aligns close to a 50% Fibonacci retracement level, indicating a significant level where buyers might step in to support the price, potentially providing a foundation for a bounce.
