Bottom blue levels indicate monthly support. Market reached support, also fulfilled Daily Fibonacci "D" extension.
Anticipating market movement towards monthly resistance (after Fibonnaci extension hit market begins new retracement phase).
Monthly = Direction
Daily = High or Low price
1Hour = entry
According to daily timeframe we are at a low price, still forming...
Ima let the chart speak for itself
Inflation at a all time high
Gas prices insane
Everything is going up in price
Big shark holders in the eth btc luna crypto family etc strategically plan this type of power move as inflation rises you would think cryptos are pumping , your not totally wrong but everything has its due diligence and market structure is the...
XRT is the retail ETF and every year we get a burst around the holiday season if you're patient.
Over the past three years, starting the beginning of November into December and even through some of January XRT and the Retail sector popped higher off the increased sales through the holiday season. Even last year while we experienced a correction to bear market in...
We had a break out through a strong Trend line then a perfect re-test of the bottom of the trend line now acting as resistance.
My only concern is the Daily RSI. Otherwise we are in a good position to Sell right now.
