The weekly and daily charts paint an overall neutral/range bound picture in the short term. Within those boundaries, opportunities may arise on smaller timeframes based on significant breaks of demand, supply or fair value zones.
Weekly Timeframe
- The price is currently trading between the 0.618 Fibonacci retracement level of 10.229 and the Resistance Zone #1 at 15.540.
- The nearest support levels are the 0.786 Fibonacci retracement level at 8.178 and Support Zone #1 at 8.412. Below that is Support Zone #2 at 4.617.
- The nearest resistance levels above are Resistance Zone #1 at 15.540 and Resistance Zone #2 at 27.533. Further above is Resistance Zone #3 at 35.450.
- Potential supply zones to consider selling into are Supply Zone #1 from 23.910-28.710 and Supply Zone #2 from 31.900-38.310.
- Potential demand zones to consider buying into are Demand Zone #1 from 11.788-10.500, Demand Zone #2 from 10.288-9.661, Demand Zone #3 from 7.696-7.100, and Demand Zone #4 from 6.470-5.719.
- Bullish fair value gaps/imbalances that could attract buying pressure are zones 1-4, with zone 1 from 12.118-11.788 being the nearest support. Bearish zones 1-2 could see selling pressure on a break below.
Support and Resistance Levels
Support Zone #1 | 8.412 |
Support Zone #2 | 4.617 |
Resistance Zone #1 | 15.540 |
Resistance Zone #2 | 27.533 |
Resistance Zone #3 | 35.450 |
Fibonacci Retracement Levels
0.382 | 13.055 |
0.50 | 11.640 |
0.618 | 10.229 |
0.69 | 9.339 |
0.786 | 8.178 |
0.882 | 7.017 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 23.910 | 28.710 |
Supply Zone #2 | 31.900 | 38.310 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 11.788 | 10.500 |
Demand Zone #2 | 10.288 | 9.661 |
Demand Zone #3 | 7.696 | 7.100 |
Demand Zone #4 | 6.470 | 5.719 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG / Imbalance Zone #1 | 12.118 | 11.788 |
Bullish FVG / Imbalance Zone #2 | 10.500 | 10.274 |
Bullish FVG / Imbalance Zone #3 | 9.661 | 7.696 |
Bullish FVG / Imbalance Zone #4 | 6.908 | 6.421 |
Bearish FVG / Imbalance Zone #1 | 23.910 | 19.540 |
Bearish FVG / Imbalance Zone #2 | 31.900 | 28.710 |
Daily Timeframe
- Price is currently trading between Support Zone #1 at 13.340 and Resistance Zone #1 at 16.600.
- Looking for signs of a break of either level for continuation of the trend.
Support and Resistance Levels
Support Zone #1 | 13.340 |
Resistance Zone #1 | 16.600 |
4 Hour Timeframe
- Trading within the range of Support Zone #1 at 13.589 and various supply zones overhead.
- Watching for clues of a break of 13.589 for a move lower or a push through supply to continue higher.
Support and Resistance Levels
Support Zone #1 | 13.589 |
Fibonacci Retracement Levels
0.382 | 14.292 |
0.50 | 14.942 |
0.618 | 15.581 |
0.786 | 16.499 |
0.882 | 17.028 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 15.578 | 15.257 |
Supply Zone #2 | 15.806 | 16.063 |
Supply Zone #3 | 16.875 | 17.322 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 15.257 | 14.989 |
Bearish FVG #2 | 15.806 | 15.578 |
Bearish FVG #3 | 16.875 | 16.518 |
1 Hour Timeframe
- Immediate support at 13.589.
- Supply zones to watch as potential selling areas are zones 1 and 2.
- Potential bearish fair value gaps could see selling pressure on a break of their lows.
Support and Resistance Levels
Support Zone #1 | 13.589 |
Fibonacci Retracement Levels
0.382 | 13.669 |
0.50 | 14.119 |
0.618 | 14.575 |
0.786 | 15.215 |
0.882 | 15.578 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 15.555 | 15.404 |
Supply Zone #2 | 15.748 | 16.063 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 15.311 | 14.989 |
Bearish FVG #1 | 15.748 | 15.578 |