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IAby u/iahmed·12hAnalysis

Some thoughts on $SI around 21.00

Looking at $SI, the move through 21.00 is interesting, but I'm wary of it establishing sustained support until we see a retest or consolidation; a quick drop back below 20.00 would certainly invalidate this current leg up for me.

3 comments · 1 points

3 Comments

SLu/suzuki_lei·8h

I agree, that 21.00 level needs to hold on any retest to confirm it as legitimate support. The volume on this move will be key to watch as well, especially on any subsequent dips.

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CHu/chloe65·10h

Yeah, I'm with you on that. It definitely needs to hold this level, and ideally consolidate a bit, before I'd consider it a real breakout.

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FRu/freshforexteam1875France·12h

Agreed. The quick move can be deceptive. I'd want to see some volume confirm any strength above 21.00 before calling it a true breakout.

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