Updated

URI heads up at $675: major fib confluence, possible local top

URI heads up at $675: major fib confluence, possible local top.
The exact zone defined by the fib confluence is 671.30 - 677.71
Look for a pullback there, or a break and retest for continuation.

Will post updates as price action hits key levels.

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Note

Smacked into our resistance staggering

Zoom IN (15min)

Almost exact reflection from lower bound at 671.30.
But it was not a "Ping" (exact ricochet) so likely to test again.

Lets see if we go back up and break, or reject with a Ping

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Trade active

BOOM

Perfect launch via a Ping (exact reaction on fib).
Took a while but finally got an long entry signal.

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Zoom IN (m30) and adding a fib to the bounce:

This wave might be DONE at the 5.236 at %858.39.
If so, we might get a retrace to support below at $76x.xx
We are certainly at resistance now. so lets see what goes.

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag