– Wednesday Daily candle closed strong Bullish at 199.540 forming a Fakeout an Daily Support around 197.720. I’ll be looking for potential Buys above 199.760 targeting 4h Resistance around 200.360 and Monthly High for May around 200.740. I’ll be looking for potential Sells below 199.150 targeting 1h Support formed at 198.750 and 1h previous Resistance level around 198.100. Huge retracement for the current Weekly candle as price retraces back into the Daily Range. Ideally is to wait for a good confirmation for either Buys or Sells as there is a possibility for price to keep Ranging within the Daily timeframe.
