French open Stade Roland Garros 1983...
It is 45 to 55 that the bears make the match by turning the market around. We see a 55% chance for the bears to win the match by pushing down prices in the direction of $1900. However, with a 45% chance, the bulls are on the heels of the bears. We have highlighted a potential turnaround zone. Should the bears waste this opportunity and the resistance at $2001.2 is broken, price levels of $2120 are on the map. The next price movement will determine the direction of the upcoming weeks. A way to trade the scenario would be to plant entry orders above $2001.2 and below the purple trendline.
Happy Trading!
It is 45 to 55 that the bears make the match by turning the market around. We see a 55% chance for the bears to win the match by pushing down prices in the direction of $1900. However, with a 45% chance, the bulls are on the heels of the bears. We have highlighted a potential turnaround zone. Should the bears waste this opportunity and the resistance at $2001.2 is broken, price levels of $2120 are on the map. The next price movement will determine the direction of the upcoming weeks. A way to trade the scenario would be to plant entry orders above $2001.2 and below the purple trendline.
Happy Trading!
