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Pressure from above is increasing. There are more and more micro levels of resistance just above price and Decision Box 1 reflects this. If price can break through and especially through Green Target 1, things would heat up fast.
Downside looks similar, except for the obvious adjustments brought on by the latest move down and the area we are on the chart. The election effect will last till a situation where we will just pick up volatility. Money Man’s best guess is a gradual increase that would build momentum.
Conclusion: We are waiting for the cards to be shown and we can expect volatility and direction. Very Important to me: Please leave a like if you appreciate the effort, Please comment and develop this further and Please follow if you think this is going somewhere you might want to know about.
Downside looks similar, except for the obvious adjustments brought on by the latest move down and the area we are on the chart. The election effect will last till a situation where we will just pick up volatility. Money Man’s best guess is a gradual increase that would build momentum.
Conclusion: We are waiting for the cards to be shown and we can expect volatility and direction. Very Important to me: Please leave a like if you appreciate the effort, Please comment and develop this further and Please follow if you think this is going somewhere you might want to know about.
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Most important levels in the short term down are around 15 300 and 15 150. Up if we get through 16 200 ish would be the much talked about 16 900 to 17 200 ish. Waiting for a pattern to form or a move out of the parabola. Keeping calm and following the price. All the best and planning another update soon.Note
The mentioned above 15 150 is a level from 15 150 down to 14 900 ish.Note
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