Will it get to 7700 fib Resistance this week?
So... Just trying to become better with my technical analysis.
"It seems to me we are in a 5 week UpTrend.
If it passes 7200 fib line I believe we will get to 7700 resistance this week other wise it might brake the current UpTrend, hit a 6900 price and then go up to the 7700 next week. As long as it stays in the 5 week UpTrend (since middle of March)"
Now let's see how the market goes.
Please share with me your thoughts about my "prophecy".
Don't trust my words as I'm not qualified with degrees and or experience. You are responsible for your trades
I publish my idea only for 1 reason. While I can't delete them it is easier for me to see how I analysed. What was my conclusion. And what was its result. That way I become a better (mini) trader.
So like everyone having more wins than losses.
Trusting others peoples ideas is not convenient. Making your own makes you better.
Any info is appreciated
"It seems to me we are in a 5 week UpTrend.
If it passes 7200 fib line I believe we will get to 7700 resistance this week other wise it might brake the current UpTrend, hit a 6900 price and then go up to the 7700 next week. As long as it stays in the 5 week UpTrend (since middle of March)"
Now let's see how the market goes.
Please share with me your thoughts about my "prophecy".
Don't trust my words as I'm not qualified with degrees and or experience. You are responsible for your trades
I publish my idea only for 1 reason. While I can't delete them it is easier for me to see how I analysed. What was my conclusion. And what was its result. That way I become a better (mini) trader.
So like everyone having more wins than losses.
Trusting others peoples ideas is not convenient. Making your own makes you better.
Any info is appreciated
Comment:
And the 4 hour chart.
And the 4 hour chart.
That chart is a little upgrade. There are 2 fib tracements that govern my chart. And there is a resistance on 6950 extra