Hello Traders,
This is what I see the price action willing to do next. We are at the decision point point right now. This can be good resistance level or brake out to complete pattern and reverse for using level as support.
1) There is Garthley almost formed there
2) Middle of Pitch Fork
3) RFI is overbought on Daily (4 hour still has some room to go)
4) Psychological level at the completion of the pattern 92.
We also might go little down before braking the channel about. Hit the support from 100 SMA.
This is what I see the price action willing to do next. We are at the decision point point right now. This can be good resistance level or brake out to complete pattern and reverse for using level as support.
1) There is Garthley almost formed there
2) Middle of Pitch Fork
3) RFI is overbought on Daily (4 hour still has some room to go)
4) Psychological level at the completion of the pattern 92.
We also might go little down before braking the channel about. Hit the support from 100 SMA.
Comment:
Looks like it's a nice decision time, if brakes downside we are going for 100SMA if up we probably will go for the Garthley. Lets see.
Comment:
about to get our of reversal zone and start pushing more up. Lets see