The market has created some great liquidity that will draw price. Once pierce I am expecting a reversal, possibly even new highs, will update targets after some more analysis.
There is a reaction point at 1.555 that is the same as the 61% retrace of the main wave.
Will monitor this area on lower time frame to look for reversal.
There is a reaction point at 1.555 that is the same as the 61% retrace of the main wave.
Will monitor this area on lower time frame to look for reversal.
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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.