April 19th, Next Week Market Analysis

Currently, the 2 and 3-day lines remain in a large-scale sideways range encountering resistance above, with a rebound failing to break the 12-hour 256 moving average suppression. The current trend is bearish. To turn from short to long, it is necessary to re-establish above the midline or even open upward; the moving averages must be above the 30-line.

👿 Future Bullish Outlook:
a. The 4-6 hour chart must re-establish above the midline and break through the upper band to open upward.
b. The small timeframe analysis (15 and 30 minutes) must turn bullish, and it must break through the 15-minute bullish level. The 2, 3, and 4-minute charts must be above the 30-line; otherwise, the rebound will not break the bear trend.
c. For a large rally, it must re-break and stay above the 12-hour 256 moving average.
d. A pullback shows bullish confidence: 2150/2130, with a low of 2080.

🩸 Resistance levels above: 2220/2230, 2250, 2280, 2330, 2350, 2380, 2400, 2460, 2500, 2550/2580, 2600, 2650, 2680.

🩸 Breakout signals:
First signal: 2200, watch for 2215/2230, 2250.
Second signal: 2250, watch for 2280/2300, 2330.
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