Since we keep moving higher I identified a on the daily and 4H chart. Now we are breaking out of it and the next move should be equal to the flag pole which ends at 23.45. Personally I don't trade that kind of pattern but maybe someone of you guys out there is looking for some short to medium term targets to take profits. I am still looking for 27.50 longterm though (see previous post)
Comment: Beautiful move! 23.50 is in the cards for next week. I expect that we reach it before the Fed interest rate decision or on the day of the decision we get a spike up and then sell off afterwards (hangover from too much buying.. :))
Comment: Interestingly the 38.2% fib retracements from this year's two swing moves show up right at previou structure around 18.50-18.90. Looking to buy there as previous structure + 38.2% rectracements are matches made in heaven:
@darbyred1, thanks for the support!