Update from previous ideas:
If you look at my analysis my hopes were to hold the 0.5, break through the green lines and aim for the bullish target at 4270, as you can see we couldn't hold above the green lines unfortunately.
I also said worst case if we break the 0.5 we are looking now at my favourite retrace levels at the 0.414/0.382 and we perfectly seen a bounce at these levels which is amazing, holding the bullish structure on the mid term, it just looked quite scary this morning but we're all good at the minute.
currently looking at holding above the top green lines which we have really struggled with since getting rejected at the golden pocket (0.618), which is also my next real target. we got rejected big time at the 0.618 previously, so to stay bullish we need a test, break and bullish retest on this level. before going for the 4270 price target. then on towards 4430ish
we can see just above the bullish price target a large spike of volatility comes in on the volume profile. breaking this will prove to be hard, as we have seen as I am making this big rejection from this level, so hopefully we can see another test and break of this level.
support is same as before green lines, 0.5, 0.414/0.382 time will tell.
If you look at my analysis my hopes were to hold the 0.5, break through the green lines and aim for the bullish target at 4270, as you can see we couldn't hold above the green lines unfortunately.
I also said worst case if we break the 0.5 we are looking now at my favourite retrace levels at the 0.414/0.382 and we perfectly seen a bounce at these levels which is amazing, holding the bullish structure on the mid term, it just looked quite scary this morning but we're all good at the minute.
currently looking at holding above the top green lines which we have really struggled with since getting rejected at the golden pocket (0.618), which is also my next real target. we got rejected big time at the 0.618 previously, so to stay bullish we need a test, break and bullish retest on this level. before going for the 4270 price target. then on towards 4430ish
we can see just above the bullish price target a large spike of volatility comes in on the volume profile. breaking this will prove to be hard, as we have seen as I am making this big rejection from this level, so hopefully we can see another test and break of this level.
support is same as before green lines, 0.5, 0.414/0.382 time will tell.
