In my last update I told you guys about my interest of the fib golden pocket area (20.4-20.7k), and expected a move down to that level if we lost 21.8k
We ended up losing 21.8k and moving down to our area of interest, for a nice bounce of 7% until now
To the upside now, for resistance levels we have:
- 22.2k (now) : fib golden pocket, anchored vwap uper band, trendline
- 22.6k (daily), weekly pivot
- 23.5k (daily)
I'm personally not interested in 22.2k, even though we have nice confluence. I would like to see more updside before we see a rejection, if we are to see one. I'm more interested in the area around the daily at 22.6k
If we break both daily levels, we can expect a break of 24.2k and a move to 28k or higher
Any questions?
Good luck traders
Remember not to break your rules
Habib
We ended up losing 21.8k and moving down to our area of interest, for a nice bounce of 7% until now
To the upside now, for resistance levels we have:
- 22.2k (now) : fib golden pocket, anchored vwap uper band, trendline
- 22.6k (daily), weekly pivot
- 23.5k (daily)
I'm personally not interested in 22.2k, even though we have nice confluence. I would like to see more updside before we see a rejection, if we are to see one. I'm more interested in the area around the daily at 22.6k
If we break both daily levels, we can expect a break of 24.2k and a move to 28k or higher
Any questions?
Good luck traders
Remember not to break your rules
Habib
