Hey Everyone,
I wanted to start the week with an update on our weekly chart idea shared yesterday. We stated and highlighted the detachment below for the correction and we also advised that we were looking for are-test on the channel top.
We are looking for support above the channel top for a bounce and continuation. However, as stated yesterday; If we get a break inside the channel then we will track the movement with the levels highlighted within the channel and our smaller timeframe chart ideas to track the movement down and catch the bounces up.
If the channel top provides support then we will track the movement up confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET.
The overall structure still remains Bullish, we just need to manage swings inline with corrections, which are always likely after a strong bull run..
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX