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.
Thursday 2nd May 2024: Technical Outlook and Review
Pullback support at the 61.80% Fibonacci Retracement level, indicating a significant level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bearish momentum.
Tuesday 30th April 2024: Technical Outlook and Review
Pullback support at the 61.80% Fibonacci Retracement level, indicating a significant level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bearish momentum.
Monday 29th April 2024: Technical Outlook and Review
Pullback support at the 61.80% Fibonacci Retracement level, indicating a significant level where buyers might step in to support the price, potentially providing a foundation for a bounce or continuation of the bullish momentum.
Friday 26th April 2024: Technical Outlook and Review
Acts as an overlap support that aligns with a 38.2% Fibonacci retracement level, indicating a significant level where buying interests have increased recently which could lead to a potential rebound.
Thursday 25th April 2024: Technical Outlook and Review
An Overlap resistance, indicating a significant level where selling pressure might intensify, potentially leading to a continuation of the bearish momentum.
Wednesday 24th April 2024: Technical Outlook and Review
An Overlap resistance, indicating a level where selling pressure might intensify, potentially leading to a continuation of the bearish momentum.
