Backfilled CME gap today. If we hold this level, and get back above ~29k, I could potentially see this elliot wave sequence form (roughly).
Take out previous yearly open (46k) potentially running the macro 0.618 at around 48k, then a correction down to fill the lower CME gap / inefficiency around 20-21k.
Would also form a H&S pattern
Hi Trader,
please look at my attached idea to get all the informations you need for the trade.
We had a massive buying movement on yesterdays NY session which led us to new highs. Nonetheless I am still seeing a possible bearish outlook which would lead us to 1680s area once again, before we see the bearish case to be invalidated. This is due to daily timeframe...
