I've gone through and updated my Weekly and Daily levels.
This week I will be watching for an SFP of the Weekly level at 109.317.
If price continues the current correction on the Daily, I'm interested in 108.001.
This price is the 0.382 Daily Fib which lines up with the last high pre-break of the hourly level at 108.031 and is a little under 10% below the ATR Low (using the ATR range as the denominator). Looking left we can see plenty of swing points collected here. I'm prepared to long this level blind with a limit order targeting the Daily level at 108.439. Let's see if I can get a fill, it seems rather far from where price is now.
This week I will be watching for an SFP of the Weekly level at 109.317.
If price continues the current correction on the Daily, I'm interested in 108.001.
This price is the 0.382 Daily Fib which lines up with the last high pre-break of the hourly level at 108.031 and is a little under 10% below the ATR Low (using the ATR range as the denominator). Looking left we can see plenty of swing points collected here. I'm prepared to long this level blind with a limit order targeting the Daily level at 108.439. Let's see if I can get a fill, it seems rather far from where price is now.
Comment:
Watching 108.365 to see if the Daily level at 108.469 is being flipped from resistance to support on the Daily TF.
Comment:
Changed some levels around, moved D 108.469 to 108.627, added an hourly level at 108.452. 108.365 is the last high pre-break of the hourly level. These levels are in agreement with the break of market structure we are seeing on the hourly TF. Also moved the hourly level from 108.031 to 108.156. Not seeing much confluence after this update.