Follow up to Bigger Picture (click) which caught the top and bounce.
After consolidation in a well defined range, looks like a Breakout.
Now at some resistance which might cause a retest of the break.
Key support was tight cluster of three different fibs around 16.4k
Bulls were able to push past a very strong resistance around 17.4k
Now wading through underwater Longs trying to bail around 18k
17.9k is the key next resistance held by the gold 4.236.
18.0k will of course have psych power for longs to exit.
18.5k will be VERY STRONG, with a Genesis fib at 18,509.
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Previous Analysis:
After consolidation in a well defined range, looks like a Breakout.
Now at some resistance which might cause a retest of the break.
Key support was tight cluster of three different fibs around 16.4k
Bulls were able to push past a very strong resistance around 17.4k
Now wading through underwater Longs trying to bail around 18k
17.9k is the key next resistance held by the gold 4.236.
18.0k will of course have psych power for longs to exit.
18.5k will be VERY STRONG, with a Genesis fib at 18,509.
.
Previous Analysis:
Comment:
Pulling back,
But a zoom on the chart shows the PERFECT recognition of the fibs
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But a zoom on the chart shows the PERFECT recognition of the fibs
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Got to the gold 4.236 a little more
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Zoom IN (3 min)
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