Looking from weekly perspective, this 80-ish support area doesn't look too confident. It was bouncing zone three times in 2017 and two times in 2018 - will it hold another test?
Weekly chart:
On daily it looks like it will perform divergence, similar as it did in March, but let's give it some more time:
Hourly is showing us steady selloff in the lat two days:
So, what now? :) I'll wait for things to settle down here. If it will bounce up or cut below, there is a great possibility that this area will be visited again. I won't touch this one in 2018.
Merry holidays!
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Weekly chart:
On daily it looks like it will perform divergence, similar as it did in March, but let's give it some more time:
Hourly is showing us steady selloff in the lat two days:
So, what now? :) I'll wait for things to settle down here. If it will bounce up or cut below, there is a great possibility that this area will be visited again. I won't touch this one in 2018.
Merry holidays!
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
