Weekly Swing Levels
- Weekly price level where a swing failure or strong reversal happened are marked in Blue
- Blue prices are areas where I am looking for a swing trade with perhaps wider stop loss
- Some blue prices coincide well with Fib levels - worth using this as further confirmation
- We have trend lines, Fib levels and also weekly swing levels for added confirmation
- Cannot rule out that the rebound may already began at the mid bollinger band - only a close below the weekly mid bb will indicate further weakness - but if next week close and trade above then higher is possible
- Dollar index may give further clues - a wave 4 completion - wave 5 lower to support the above thesis of higher euro?
- Blue prices are areas where I am looking for a swing trade with perhaps wider stop loss
- Some blue prices coincide well with Fib levels - worth using this as further confirmation
- We have trend lines, Fib levels and also weekly swing levels for added confirmation
- Cannot rule out that the rebound may already began at the mid bollinger band - only a close below the weekly mid bb will indicate further weakness - but if next week close and trade above then higher is possible
- Dollar index may give further clues - a wave 4 completion - wave 5 lower to support the above thesis of higher euro?
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