4hr timeframe - potential TK cross recross above the cloud here, the strongest TK signal out there and worth definitely keeping an eye out for.
This will allow us to break through the current resistance and re-test the 0.618 fib level.
Pairing this up with Fib timezones, you can see it lines up nicely with the cloud future. I have a suspicion that we may retrace a little bit until the next fib timezone in approximately 12 days time, where at this point we will find a impulse to complete the edge-to-edge trade on the daily timefame.
- Potential TK cross inbound within the cloud, the TK cross recross on the 4hr timeframe could act as a catalyst for this.
2d timeframe - the next fib timezone level matches up with the Kumo twist within the 2d timeframe, potentially offering us an access point to close above the cloud.
Looking more long-term, I would expect us to complete the edge-to-edge around the 14th May, potentially with a large move up if we are successful - bearing in mind that the 14th is the 1.382 fib time level. I'm expecting some exciting things to happen around this period either way.
This should give us time to consolidate and regain momentum for another push upward.
If I'm completely honest with you, I hadn't anticipated the bullish TK cross above the cloud and the resulting momentum so late - (I had been anticipating resistance at the 0.618 fib level and not 10k) As a result, took a nominal loss on a FOMO trade the past few days with a break even on my re-entry.
I think we've retraced a decent amount and are approaching the 50% retracement zone from the break of the symmetrical triangle on the 4hr chart (orange fib levels).
I wouldn't expect us to drop lower than the 0.382 fib retracement for the mini-move (breakout from symmetrical triangle/orange fib levels) as it forms a nice fib cluster with the 0.5 level of our main fib retracement (blue).
I'm placing buy orders around the 9100 region to look for a re-entry with a tight stoploss.
I'm going with 9135 for a buy target.