Seems to move sideway before movement. Price may climb up first to touch Fibo 23.6 before reversing back into the box. Higher timeframe retracement before continuing bullish climb. FOrecast H1 is short term bullish but the big bearish candles may come back this Monday. Let's see what #Trump will tweet...
Not sure it's the after party or what but QMF2020 is hard to predict and based on fib zones and markings, it will probably zig zag. Let's try to use these zones to take some money off the table from the boozing big boys :-)
If PLV2019 can tests upper S&R Zone and close above 859.0 expect a bullish momentum to TP at 870. Strong showing can continue. But this may be just a short term window as stochastics are peaking at the overbought level. Go long and take opportunity. Exit upon any sign of weakness.
Based on TF15 corrective wave, if price follows previous momentum and climb above S&R Zone it can reach TP 1 of USD55.88.
Be prepared to go short if it tests lower S&R Zone and close below. Weekly still bearish.
Gap down upon market open still bearish momentum. Bears are pushing the price down. If you have no position, wait for chart pattern reversal and confluence with momentum indicators. Possible reversal today but wait for the bears to finish play.
Using the downloadable TUX EMA and CCI platinum is regaining lost ground. Strong rebound above EMA 5, EMA 14, SMA 50 and SMA 150. At time of publishing, target nearest TP at 828.2.
Let's see how this fares! Godspeed.
FCPO likely to continue range bound between 1998 and 2008.
There is an opportunity to short if price dips below 1996 and continue in the next candle.
An opportunity to rebound will appear if bulls can oush the price above 2011. In between, trader can box trade.