Weekly View on the chart.
We have a confluence area based on trendlines that we might see price come down to by 1st week of Feb.
This coincides with the completion of a 5 wave pattern at the 23.6% on the daily indicated by the FIB shown.
After that, I'm expecting price to break through this range and reach for higher levels.
We have a confluence area based on trendlines that we might see price come down to by 1st week of Feb.
This coincides with the completion of a 5 wave pattern at the 23.6% on the daily indicated by the FIB shown.
After that, I'm expecting price to break through this range and reach for higher levels.
Trade closed manually
Weekly closed right at resistance, lets see next week if we see a push up from here or a slight retracement for a move higher.