1 hour and 4-hour timeframes outlook & analysis

לפני 3 ימים

1-Hour Chart Analysis:
1. RSI and Signal Line:
• RSI is at 54.17, above the neutral 50, indicating moderate bullish momentum.
• The signal line (42.28) lags behind, suggesting a delayed confirmation.
2. Bollinger Bands:
• Price is above the Bollinger midline, heading toward the upper band, indicating upward momentum.
• Breaking the upper band would confirm stronger bullish sentiment.
3. Ichimoku Components:
• Lagging span and conversion line show bullish attempts but are still close to key resistance.
4. Key Levels:
• Resistance levels at Take Profit 2 (2629.88) and Precision RES 2 (2627.70) are crucial.
• Fibo 38.2% at 2624.19 acts as immediate support for continuation.
5. Volume and ADX:
• Volume signals are mixed, and ADX trend strength at 28.78 indicates a developing trend but not yet strong.

4-Hour Chart Analysis:
1. RSI and Signal Line:
• RSI is at 40.32, below the neutral 50, showing weak bullish momentum on the higher timeframe.
• Signal line (36.29) lags, indicating bearish pressure still exists.
2. Ichimoku Components:
• Lagging span and conversion line are below the price, suggesting the market is trying to transition from bearish to neutral.
• Immediate support from the Ichimoku conversion line at 2616.73.
3. Key Levels:
• Immediate resistance at EMA 8 (2622.77) and MA 5 (2618.27).
• Fibo 23.6% at 2615.89 provides a critical support level to watch for bullish continuation.
4. Volume and ADX:
• Negative volume spikes (-76.85%) indicate bearish dominance.
• ADX at 40.76 with DI- (35.38) above DI+ (10.32) shows the bearish trend is still active but weakening.

Combined Analysis:
1. 1-Hour Trend:
• Bullish attempts are evident, but resistance around 2627.70 (Precision RES 2) and 2629.88 (Take Profit 2) must be cleared for confirmation.
• The RSI supports short-term bullish momentum.
2. 4-Hour Trend:
• The 4-hour chart suggests the bullish attempts on the 1-hour are within a broader bearish trend. RSI below 50 confirms this.
• Strong support lies at 2615.89 (Fibo 23.6%) and 2601.42 (MA 9).

Recommendations:
1. For Long Trades:
• Wait for 1-hour confirmation above 2627.70 and 4-hour RSI to cross 50.
• Ensure Ichimoku lagging span and conversion line align bullishly on both timeframes.
2. For Short Trades:
• If price rejects 2627.70 and falls below 2615.89, consider shorting with a target at 2601.42.
3. Risk Management:
• Place stop loss below 4-hour support at 2615.89 for long trades and above 1-hour resistance for short trades.