Most recent Fib res ring update (SL/SH) As you can see we are sitting right on our new fib-ring/circle , may trace downward to the 50-40% retrace range following this fractal., may offer a nice long on reaction to this retrace shaking traders that went long from the upper mid-line of prev channel.
Market cypher / Fractal analysis
Market cypher / Fractal analysis
Comment:
Comment:
may have a nice scalp setup from the 50% fib to the bottom of our yellow bullish channel (now broken for support resistance flip.)
Comment:
52-56k range for next long scalp if we have no movement here, price most likely to move into retrace zone before any notable upside, of-coarse we may stick in a buy signal here if bulls hold given range of current price movement.
Comment:
eyes on 56k for validations of rejection.
