As for now, where is see amp being into it's cycle, is into an accumulation on the shorter term, that is into a spring formation of the accumulation forming on the actual longer term/bigger picture.
So this re-accumulation, visible on the 4 hours;
Is the spring formation of the bigger accumulation amp is;
Here the advancement on the 4 hours that is the spring of the daily since I did write this a few hours ago;
Expecting a rise to .54, where is the upper range of the cycle forming into the daily spring, and a break upside this area on maintained demand, will tell me that price is moving forward into the daily accumulation, leaving it's spring. The 60 will be then considered but before moving higher I do expect some consolidation between .54 & .60, since a test of the spring is still needed, and more test of the zone within that range.
.68-.75 is something I consider on the longer term, and when price will give obvious sign that it is leaving it's big daily accumulation formation.
Not considering at test of lower zone unless it goes back under .46-.47 showing weakness
Weekly
So this re-accumulation, visible on the 4 hours;
Is the spring formation of the bigger accumulation amp is;
Here the advancement on the 4 hours that is the spring of the daily since I did write this a few hours ago;
Expecting a rise to .54, where is the upper range of the cycle forming into the daily spring, and a break upside this area on maintained demand, will tell me that price is moving forward into the daily accumulation, leaving it's spring. The 60 will be then considered but before moving higher I do expect some consolidation between .54 & .60, since a test of the spring is still needed, and more test of the zone within that range.
.68-.75 is something I consider on the longer term, and when price will give obvious sign that it is leaving it's big daily accumulation formation.
Not considering at test of lower zone unless it goes back under .46-.47 showing weakness
Weekly
Comment:
after the move up got a retest at 58ish as awaited, with selling showing exhaustion. I expect again, another move up, around .68 as first target.
Trade closed: target reached
Comment:
got 0.66, even if it goes to 0.68 since demand there right now, I expect a retracement to around 0.60, where you can rinse repeat, having it riding to 0.68 again
Trade closed: target reached
Comment:
Perfect rise from expected retracement zone.
Now looking for it retracing from 0.62, and going for 0.68-0.72 again
Now looking for it retracing from 0.62, and going for 0.68-0.72 again
Trade closed: target reached