The Master candle breakout (blue highlight) happened exactly below 1223.48 and the price went to 1219 zone subsequently. This indicates a range play with continuation possibilities. Below 1219, targets are 1215.50 and 1213. 1208.82 is the final daily projected target.
However, if we see a spike above 1228.52 (master candle’s high) next targets should be 1232.50 followed by 1238.23.
- W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
- W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
- W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
- D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)
- D L3 – Daily Camarilla Pivot (Daily Support)
- D L4 – Daily H4 Camarilla (Very Strong Daily Support)
- POC – Point Of Confluence (The zone where we expect the price to react aka entry zone)
Best wishes,
Nenad
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