IR heads up at $95 then 100: at or near a top

IR continues to print new All Time Highs.
We might get a pullback here or soon.
Lets see how it reacts at this resistance.

$ 94.84- 95.14 is the immediate resistance.
$ 99.90-100.35 will be obviously difficult.
$ 73.08- 73.38 the dream long term entry.

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Comment:

Pullback under way?

Just a little dip, but perhaps start of a correction.

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Zoom IN (m15) with some notes:

Possible Bull Trap above resistance,
Pings confirm our fibs and zone as key,
so more confidence in rest of the fibs.

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Zoom in more (m5) and adding a fib on the dip (blue striped)

Looks like a decent fit, so go with it for now.

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Zoom out (m15) to look for targets

blue 2.618 should offer a little bounce
blue 4.236 is most common wave ender,
blue 5.236 next likely and is reinforced

So we have 3 targets for our first guesses.

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Comment:

Followup to last snapshot:

Bounce a little above the first support zone plotted.
Now back to chewing on our resistance again.
Looks likely to break above, see what US does on Monday.

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Comment:

Followup to last snapshot looking at 3 supports

Fell through all of them thanks to Middle East conflict.
Some little bounces at first and third plotted supports,
but a strong wave down with no signs of slowing yet.

The only clean Ping was on the Genesis fib at $90.73

And the blue strpe fib is probably no good now,
must have been a new impulse since first placed.

So retracing the previous blue stripe fib and placing a new one:

Much better fitment, and the 5.236 a possible end point.

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SUMMARY:
- Middle east conflict hurt all risk assets.
- Currently at a possible wave end point.
- Expecting a bounce for more clues.

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