The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Last week, even though there was a bearish gap, bullish players were able to reclaim their ground effectively. The market is now approaching the point where it may eliminate the daily Ichimoku death cross (5410.90) and re-enter bullish territory in relation to the weekly cloud (5535.14). If that occurs, bulls will gain control of the main weekly trends (5474.69) and the monthly short-term trend (5471.06). Gaining control of these levels would create new opportunities for bulls. The nearest opportunities include eliminating the weekly golden cross at 5633.40 and testing the daily cloud.
Currently, the market is influenced and attracted by the levels of the Ichimoku daily cross (5410.90 – 5294.67 – 5239.35 – 5178.44), as well as the weekly (5316.10) and monthly (5252.76) Fibonacci Kijun levels. Breaking free from the influence of these boundaries would allow for the consideration of new downward targets.
The bulls currently have the primary advantage in the lower timeframes. However, the market has been stuck within a downward corrective zone for an extended period. Breaking out of this corrective zone could enable further upward movement, with intraday resistance targets guided by the classic Pivot levels and the breakout target of the H4 cloud (5690.31 – 5788.99).
If the bears manage to break through the support of the long-term weekly trend (5147.69), they will gain an opportunity to shift the current balance of power. In that case, the key reference points will be the supports of the classic Pivot levels, the updated values of which will become available when the market opens.
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*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
