1๏ธโฃ Minor head and shoulder around September high 2๏ธโฃ 2800.00 Key dynamic resistance/Support 3๏ธโฃ US 2020 election outcome will be a key driver 4๏ธโฃ .50 Fibonacci and October low bounce 5๏ธโฃ Parabolic price move expected as June, Sep, Oct high forming a Parabolic structure 6๏ธโฃThe 02 uptrend trend line was broken 7๏ธโฃ Technical support - Neutral Ahead of Election results 8๏ธโฃ Short term bullish movement towards 28000 9๏ธโฃ June high Immediate resistance ๐ june low Possible - Bear target #๏ธโฃ Overall Bullish trend
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๐ Technical bias-H4-Neutral
Below 200 Exponential moving average 200EMA acting as immediate support - Bearish trend Possible entry point-28000 Relative strength index - Around 60 well above the neutral area MACD- Is still above the line and about to cross the line and the histogram is still green ,Oscillators are pointing upward Stochastic -at 75 Which is over bought territory Ichimoku cloud -cloud is red-Cloud Support-Bear Bollinger band- Price is around higher band-Middle band will acting as dynamic support/resistance
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Key reversal area's 26000 Key psychological level 26550 September month high 26040 Dynamic support and resistance 28000 Key psychological level-Major key reversal area 29000 October month high 28000 Possible entry- Bearish 27150 -Alternative entry-Bullish
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Bearish entry #US30
Entry price - 28000
Take profit 01 - 27100 Take profit 02 - 26000 Take profit 03 - 25200
๐ซ Stop lose 28450
Alternative Bullish entry-27100
โฌ๏ธ 10.29% drop expected โคด๏ธ Account growth 1.59 :10.29 โ Risk reward ratio 1 : 6.47
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