Instructions on chart. Playing the 4hr range. Note the following levels:
1264s (61.8%) with indicators (4hr) at overbought state and potentially forming right shoulder!
1251s strong UP Trend line from previous structure, if broken price can cool off till DMAs (1246s) level. Below 1246s I'll consider scenarios for 1200/1180/1160 (medium probability at the moment.
Weekly showing off muscles, above 1264 level we shall see another test to multi-year DTL. GL and safe trading!
1264s (61.8%) with indicators (4hr) at overbought state and potentially forming right shoulder!
1251s strong UP Trend line from previous structure, if broken price can cool off till DMAs (1246s) level. Below 1246s I'll consider scenarios for 1200/1180/1160 (medium probability at the moment.
Weekly showing off muscles, above 1264 level we shall see another test to multi-year DTL. GL and safe trading!