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
Habib
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
Habib
