Analysis method - “Gann Swings + Price Action”
September 20, 2018
Daily chart: The basis for new upswing continues to form. First target of buyers is the structure’s high 222.88.
H1: Local structure is bracketed in the 201.00-210.45 range so far. Increase of volatility will be possible after break of the upper border of this accumulation.
Main scenario: Continuation of volume accumulation in the 201.00-210.45 range.
Alternative scenario: Breakout above 210.45 and further growth of the quotes in direction 220.00-225.00.
Trading recommendations: Longs from the 210.00 region towards 210.45 and 220.00.