We are near to the previous top and the 1st daily cycle just had begun...
We printed the intermediate bottom at the 200 and Fibonacci .
We are going to break to new highs in this first daily cycle. Most probably we are going to test the previous high at 3.33 in the following 2-3 days. That's the first important level where we could stop a little bit and wait for the 10 to catch up the price.
Crossed the BB's middle line and riding the upper
and TSI is
is overbought but can stay overbought for days
I'm still holding my longs because this daily cycle has at least 10 more days to run. I will try to close my longs at this daily cycle top in the following 2 weeks and re-enter at the next DCL in January.
I will not try to short it here as we are at the beginning of the new Intermediate cycle.
LONG UPDATE (this is just an update on a previous idea : we are long already. I don't suggest to enter or add to the position here)
We reached the previous top.
Acting like a textbook.
I'm not going to add or reopen the closed 50% here. We are going to peek this daily cycle between 15-25 December.
UGAZ reversed on high volume today.