Last week created a Higher relationship on weekly Cam numbers and ended the week with a narrow range day and cam numbers for this Tues. I am looking for a trend day if open is outside daily Cam 4 levels.
Daily numbers Weekly numbers Pivot numbers R2 1365
H4 1363.44 H4 1373.06 R1 1362.50
H3 1361.72 H3 1366.53 top pivot range 1359.38
P 1358.75
L3 1358.28 L3 1353.47 bottom pivot range 1358.13
L4 1356.56 L4 1346.94 S1 1356.25
S2 1352.50
Price closed above Pivot range last Friday, Pivot range is also narrow. S1 has been acting as solid support and price has dipped below S1 but closes above for the past 2 weeks. Again H3 levels on Daily are narrow and Look for a break above or below the H 4 levels to show a breakout and trend day in either direction.
We are in a uptrend and the pivot and S1 will continue to be the buy zone until a close under S1. That being said if we open below L4 on Daily that most likely is signal that the uptrend of past month may be coming to a end.
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