Strong support around the 50% level
Currently forming a bullish pennant. Could rise slowly to the 61.8 , maybe we see a fib extension occur here.
1st leg of impulse wave Will most likely create a higher low
Had an insane retest of the previous level! I'm certain many people got stopped out or pulled in lol
It is now showing bearing movement. 2 projected paths
forming a double bottom . Looks like a stop hunt maybe?
Fibonacci confluence SMA flowing smoothly down
Quick pull back If it creates a higher low , we know what to expect. Up up and away ^ I
TP 1 & 2 Hit , Just broke to a higher low, lets see if this is the impulse wave begins
Lets go baby, in the money ! 1:3 risk reward! TP 59 PIP
Placed fib on the last swing high , swing low. Market is respecting support and resistance really well in conjunction with Fibonacci levels. Aiming for 61.8 level