1. Identified Support in Green and Resitance in Red

2. Market direction is indicated by 21/55 MA.If 21 is above 55 then the market is bullish and vice versa if
21 is below 55 then the market is bearish.

3. Price action is indicated by 5/8 MA.

4. Take note of the angle of separation between the moving averages

Price this month opened MM3 went up but bears found resistance at MR1 and came back down to MM3.

Price opened at WM2 and came down and reached bear target zone early and bulls drove the price up but bears resisted at WM2 with bears reaching the profit zone for the 2nd time this week and also the 21 crossed below the 55 so bears could still dominate the market.

Price opened between DM2 and DS1 and went up but could not breakthrough DPP and with the 21 below 55 it indicates a bearish market but I am gonna wait for 5 cross below 8 and then look for sell opportunities on lower time frames H15&H5.

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