We have now ruled out 2 scenario's and at this point (previous posting), I'm looking at the 12,500 as the next target, however I have concerns between this range above 12275 and below 12500. I have a fib ring that has made prices drop when this is touched.
With 13K being the main target.
Previous posting scenario's
With 13K being the main target.
Previous posting scenario's
Note
Now this is the pattern I feel is most correct (not my idea). The target we have is just short of 13K. If this happens and creates another long wick, we would have 3 long wick rejections and hence I will be looking for a big pullback in that case.I am not convinced these recent developments having 2 big weekly candlesticks are making this qualified as the break out yet. Too early to say as well.
Note
Note
Details via fib.pitchfork as to each level and resistance. I suspect these 2 levels highlighted in bold are potentially the pivot points.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.