after hitting two lower time frame algo targets just below the imposing line of .5 level of the last major daily fib at 131.35, the engines are running abit low, a bounce back from this level just before hitting the lonely daily bullish algo targets at the other side of the .5 line might be in program. stoch indicator seems overwhelmed too,a drop to the .5 of the current daily bullrun at around 103.98 could calm this bad boy too. and our savior line of .5 happens to be just below the lovely blue line of the .707 of the 240 bullrun that just hit its target.and the median of the last schiff fork just happens to be around there too....we got everyone waiting over there, and even if thats not enough the beautiful symmetry of the resulting structure can add to this probability. after this bounce back we will be ready to reach our lonely -.236 bullish targets above the 131.35 line from 134 to 144.
so....
short entry around here at confirmation of drop( your choise, stoch, rsi, candle pattern, or all of the above)
exit at 102.81 to 104.96
long entry at break above 707 at 104.96
and hold! :)
as the sky seems to be the limit for now ;)
obviously not a financial advice :)
so....
short entry around here at confirmation of drop( your choise, stoch, rsi, candle pattern, or all of the above)
exit at 102.81 to 104.96
long entry at break above 707 at 104.96
and hold! :)
obviously not a financial advice :)