Description
⋅ I'm expecting a last upward leg to 4hr MA100 will act as a resistance.
Retracement to .618 fib level before breaking the upper wedge
Comment
⋅ As expected price has reached upper wedge resistance.
I'm expecting a .618 fib retracement from here.
Also look for support at daily MA100
these 2 will act as strong support giving us the higher low we are looking at for a reversal
Comment
⋅ Here starts the retracement. Will the bulls manage to avoid a new low?
Comment
⋅ Levels to look at for support:
- daily MA100
- 61.8 fib retracement
- double bottom
Comment
⋅ Market confirms strong resistance.
Looking for support at above levels
Comment
⋅ Market Bouncing from our first target: daily MA100 support
Comment
⋅ This could be the higher low we were looking at