Complex chart - wondering if it needs to test/ conf lower fibs at 56.x level .382/.5 - Note black / blue channels are bull -- red channels bear . The Pink Line is my Bull support or Bear resistance break below brings .18 / 59.15 option with 61.53 - 59.43 in play - lower red channel to 52.x . Asia should be interesting If support holds . 64.86 upper bull target ....
Complex chart - wondering if it needs to test/ conf lower fibs at 56.x level .382/.5 - Note black / blue channels are bull -- red channels bear . The Pink Line is my Bull support or Bear resistance break below brings .18 / 59.15 option with 61.53 - 59.43 in play - lower red channel to 52.x . Asia should be interesting If support holds . 64.86 upper...
Temporary fib first of all - could break higher - If not and pivot is here then back down for mthly support test etc. back down the ladder . Still early 9:30 pm Asia bear would help . GL use stops and keep your stick on the ice -
We've come back to Jan /20 demand box - Upper targets mthlys 61.38 / 63.36 - black channel app 68.x / sma(s) if the bull continues . Bear would keep it under 60 for the short term - we'll see how the week starts . Shorter tf's to follow - Please like /agree if this is of help .
G morning - if the blue t line is R atm then maybe a test of 38.12 mthly S - note new demand box - Mac starting to bend. fib at 38.44 / .5 from 76.78 top could be dominant . New new demand box below . Fed speak at 2 pm - keep your head up !
Sunday night fun - at present I'm watching the .180 from 43.76 if it stays inside blue demand then I'm expecting .382 min retrace up being pulled by .5 / 38.44 / 76.x fib towards 40 ish - 41.47 being top of gap down ( 4hr tf March 8) Demand failure will suggest 35.18 mthly - 33.38 gap bottom or less . we could retrace up for 4th or continue down for 5th . ...
G evening -I'm watching blue channel resistance atm $ 45.x looming 40.57 / .618 Support . - deep demand pocket if 38.45 / .5 is broken - -37.02 temp support below . Keep your head up and stick on the ice. Dxy could come into play - Fed meeting this wk.
Hope you followed the Daily from May 17 th -We've hit 41.4 mthly - could be time for support/ demand test at 39.07/Daily R - / 38.45/.5 fib ...35.19 below (35-40 range ? ) Red dashed R from 2015 peak - Support on any of the above brings 45.x into play . GL - please "agree" if this is of help -Thx keep your stick on the ice .
g evenin - temp fib - 33.63 mthly support atm - poss 5th -/ .5 32.77 next level of support break of that and eclipse area to bottom of prev demand zone (blue) Bull view would need support at .382 fib in eclipse
well we've made contact 32.77 /.5 - Black channel above and mthly 33.63 S/R - prev demand (blue area) extends upward - I'll consider all three as things develop - If no support is shown I'll expect a test of 20 ish - With support I'm considering top of range at 40 ish - .618 / 40.53 -mthly 41.40 - (Range -40 to +40 / -0.0 base price )- Dxy below 1.0 atm
G evening -sunday nite fun - looks like 3rd waiting to see if we set H 4th - 22.10 demand box below( 4 hr TF ) - blue trend line above of interest - You can see the support level at 22.10 - note prev demand blue box breaks $ 20 - Keeping an eye on DXY and UC for clues as usual . Keep your head up and stick on the ice . GL