– Thursday Daily candle closed Bearish at 199.540 leaving a Rejection wick around 198.740. I’ll be looking for potential Buys above 199.800 targeting 4h previous Support formed around 200.180 and 1h Strong Resistance around 200.600. I’ll be looking for potential Sells below 199.190 targeting Thursday Daily Low to fill the wick around 198.740, Leaving Runners to the 4h Support formed around 198.310. As Monthly and Weekly candle coming to a close for May, We might see further pullback for price to setup nicely for next week to form the new Monthly low if price meant to continue Bullish. It is important to pay attention to how the Monthly would close to anticipate the next setup for June.
