Follow the trend no.1. Key is focusing on the trend with Dollar Index DXY. Know your levels. Poc most important. At the moment forming an ascending triangle, with what I think is the last push to the upside from precisely 27, 750 (may have already tested it. Price target to the upside, 29, 468 or nPocs at 29, 100 or 29, 250 respectively.
Be looking at breaking the trend, expecting support at key levels (trend levels) as far as 24,850. Bottom of the larger range according to me. 26,475 an equilibrium and personally a good level according to me, if you dont want to watch the price every day. nPocs expected support 27,450, 27, 300 (a little exausted), 26475.00, 25875.00, 25875.00, worry about the rest when and if we get there. Expect ups and downs within the range WITHOUT a breakout throughout the week. Seems were in a range, possible and probable sideways action. The obvious range between 27,300 and the top approx 28,400.
If you want to learn something awesome.
On the 15 minute time frame Draw a Fib Retracement from the High on 21 Feb 8:45 to the low on 22 Feb 18:15
Add levels to Fib Retracement:
0
0.382
0.5
0.618
1
1.133
1.272
1.414
1.616
2
2.618
Pull the fib across to the recent price action this month and study the levels. See how well respected these levels are now! F$&⁸g awesome. Nugget of awesomeness.
Be looking at breaking the trend, expecting support at key levels (trend levels) as far as 24,850. Bottom of the larger range according to me. 26,475 an equilibrium and personally a good level according to me, if you dont want to watch the price every day. nPocs expected support 27,450, 27, 300 (a little exausted), 26475.00, 25875.00, 25875.00, worry about the rest when and if we get there. Expect ups and downs within the range WITHOUT a breakout throughout the week. Seems were in a range, possible and probable sideways action. The obvious range between 27,300 and the top approx 28,400.
If you want to learn something awesome.
On the 15 minute time frame Draw a Fib Retracement from the High on 21 Feb 8:45 to the low on 22 Feb 18:15
Add levels to Fib Retracement:
0
0.382
0.5
0.618
1
1.133
1.272
1.414
1.616
2
2.618
Pull the fib across to the recent price action this month and study the levels. See how well respected these levels are now! F$&⁸g awesome. Nugget of awesomeness.
Comment:
27.500 likely as well.
Comment:
26.475 retest having broken the trend