Price has pulled back to 38% at $9500 zone, Now looking for a long to previous high, next level if we break that is $10500 zone. Positive energy from 1PM.
Price is about to retest the main trend and previous high of $9500. Energy supports move to the upside in the next 24-48hrs. Time is up May 15th on this run.
Retrace here with initial target at $8300, 180' from previous high. Energy available 11-12 noon, and 1-2 PM.
Next high if we break the current trend is $10139 360' from the start of the move and 90' from previous high of $9480.
do we continue up from here until the May 15 top, or do we retrace to the $8K area first? Comment your thoughts
$9500 held and rejected as the down trend was met. Looking at a solid retrace now as low as $8K Plenty of energy remains to drive price back down so hold on for the ride.