Looking for price to climb up to the 50% zone respecting the level to then pull back to 61.8 not breaking the level but retesting a past Support Zone. Expecting for price to then continue the Bullish trend visiting another past Support Zone
Price is looking to shoot up breaking thru the resistance level going to the 2nd market gap. Looking for price to pull back down to the upward bottom trend line creating a strong confirmation in the market so the price can move create the first strong bullish move to the 50% zone or the first initial market GAP.
Price created a inverted head and shoulder pattern. Price is currently floating on the neck line of the H&S formation turning into the Re-test. Now im expecting the price to elevate back up to the up side give the market back 50% of the fib as TP1. Then continuing back up to the top trend line to confirm the third touch
Price created a inverted head and shoulder pattern anticipating the upward movement. But after every reversal pattern a re-test is expected to confirm the pattern. In this case the price made a re-test as expect and it also created a double bottom. This indicated double confirmation that the price will continue to escalate to the 50 % zone of the Fib levels.
Price created a strong bullish uptrend of 25 pips, price reduced back down creating a round Tea Cup anticipating another strong bullish trend right after price comes down to the 50 % zone acting as a retest towards the TEA CUP,which is my BUY ZONE.
Price currently broke out of the bottom trend line structure. Expecting price to anticipate to the down side pulling back to the 50% zone of the FIb. Also creating a third touch on the weekly trend line.
Price broke out of the consolidation zone with a strong Bearish movement creating Level 1, pulled back as a retest giving back 50% of the fib. Expecting for price to continue pushing to the upside creating Level 2 of the market. Also retesting a previous strong resistance zone.