Top Down Analysis WEEKLY TIMEFRAME So when we look at the weekly timeframe we see price action has rallied all the way to 1550 and its having a hard time to retrace all the way to 2 key potential key fib level which is around 1410-- 1400 .so we have an expectation of price to drop to about 1410 before shooting up. DAILY TIMEFRAME So based on our weekly, we...
TOP DOWN ANALYSIS WEEKLY TIMEFRAME It has been an exciting time! we have see quite a rally to the upside, creating "higher highs" and "high lows" .But recently we have seen price creating a high low perfectly on the golden fib level 61.8% but lacked momentum to push it more high to the required target level 1.4000. so price drop 3 times to retest the demand level...
Top down analysis WEEKLY TIMEFRAME So from the weekly timeframe we see quite a downward trend , price action forming lower highs, and lower lows. price action is perfectly consolidating around the 61.8% .There is a possibility for price to retrace all the way 148.800 for a complete retest of the weekly. DAILY TIMEFRAME we can see a potential change in trend in...