Two possibilities
1. Price breaks higher and follow the green path
2. Price falls back and into 50% to 61.8% pull back zone
zone and then breaks above ( Blue line)
In both scenarios we are expecting some
bullish action and confirmation will come if price breaks corrective
zone
1. Price breaks higher and follow the green path
2. Price falls back and into 50% to 61.8% pull back zone
zone and then breaks above ( Blue line)
In both scenarios we are expecting some
bullish action and confirmation will come if price breaks corrective
zone