As I said earlier today, we held the VAH and we were expecting higher. We also reclaimed the VWAP which was a nice confirmation of the strength of the move and something I told you to look at as well.
Our target was 40.5k and was totally smashed.
Next level to look for : we have a fib golden pocket from 42.8k to 43.8k which is in confluence with the 1 to 1 fib extension (42,863) and a descending trendline in white that you can see on my chart, making this region a strong resistance in my opinion.
This is my final target for the long taken off the VAH (40% profits taken at 40.5k), and should we reject it, look for shorts.
Any questions?
Good luck traders Remember not to break your rules