Futures chart analysis, optimal entry point.
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On the futures chart, everything is going according to plan.
Yesterday I published an analysis and said that for safety net it is better to place limit orders in cases of withdrawal, which we see today.
The price almost clearly bounced off the trend line and went up after testing the local resistance of $16,800
So far, I don’t see a further exit scenario above $17,000, perhaps we will see a hike to $16,900-17,000 from these FOMC protocols, but if you look at the history of the chart, the chart practically did not react to the previous indicators. There may be volatility from protocols this year...
the plans are still descending, I spoke about this earlier, the pressure has not disappeared yet.
On the futures chart, everything is going according to plan.
Yesterday I published an analysis and said that for safety net it is better to place limit orders in cases of withdrawal, which we see today.
The price almost clearly bounced off the trend line and went up after testing the local resistance of $16,800
So far, I don’t see a further exit scenario above $17,000, perhaps we will see a hike to $16,900-17,000 from these FOMC protocols, but if you look at the history of the chart, the chart practically did not react to the previous indicators. There may be volatility from protocols this year...
the plans are still descending, I spoke about this earlier, the pressure has not disappeared yet.
