Update from previous idea:
My mid term chart is probably my favourite to look at as it has been playing put amazingly well so far. if you look at my second last analysis of this time frame which I will link below I was really looking for price to hit my yellow lines and we didn't see a touch of that level.
only to see price crash to the downside perfectly touching my yellow line, which is amazing to see support hold but also that I called that ha.
we then seen price push to the upside in crazy pace, blasted through the 0.382/414 level before finally seeing resistance at the most important level 0.5 fib because that will flip the bias to bullish.
so we are looking for a break and test of the 0.5 level that would be ideal but I said it in my earlier short time frame analysis, I am hoping for a slight pullback hopefully visit the 0.414/382 support box or a slight wick below to the 3900 level before seeing a nice continuation back up breaking the high.
the volume profile again providing clear resistance at the point of control, price is getting held at this level probably because of the volume split so expect price to move rapidly once it makes its mind up.
My mid term chart is probably my favourite to look at as it has been playing put amazingly well so far. if you look at my second last analysis of this time frame which I will link below I was really looking for price to hit my yellow lines and we didn't see a touch of that level.
only to see price crash to the downside perfectly touching my yellow line, which is amazing to see support hold but also that I called that ha.
we then seen price push to the upside in crazy pace, blasted through the 0.382/414 level before finally seeing resistance at the most important level 0.5 fib because that will flip the bias to bullish.
so we are looking for a break and test of the 0.5 level that would be ideal but I said it in my earlier short time frame analysis, I am hoping for a slight pullback hopefully visit the 0.414/382 support box or a slight wick below to the 3900 level before seeing a nice continuation back up breaking the high.
the volume profile again providing clear resistance at the point of control, price is getting held at this level probably because of the volume split so expect price to move rapidly once it makes its mind up.
