Looks like we hit our low for today... These are the TP areas watch price action before deciding when to tp...
FINALLY made it to our Take profit area... We are now at a reversal point. Possibility of continuing to the first yellow line break of that line will put us at the 33146 price point before reversal... TP area for our long position will be determined by todays low. Will post updated markup after market open
Will we finally make it down to our dotted line 34403 area... Todays high is a perfect setup to make it down there let's see how this plays out.. Please see post from Aug 26th for better understanding... Please see prior post from Aug 26th for better understanding
Short finally started today. At present we should have a small retrace to 35375 area no more than 35427. Hold above this area would put us long. Today we retraced to 38% which is a reversal fib but it's low possibility for reversal at 38%. So for now we long for the small retrace before continuing short.
We should finally make our way down to our dotted line perhaps slightly pass our dotted line area that we spoke about last week. Remember we talked about having to finally top out. I think we did top out today after consolidating all week thus far. Check prior analysis to understand better about what is to come.
With today's slow moving market we did not make it to overall TP area. With that said we still have room for a small move up to our TP area, even moving pass our initial TP area. New TP area will be between 35228 and 35407 with concentration at 35262 area.. A break and hold above 35262 will potentially put us at 35407 at which point we can return short to the...
With break and hold of 34928 area we will go to 35230 then hold above this area we go to next stop 35559
If price stays between 2 yellow lines we Should see price at end of arrow
High of July 16th and Low of July 19th gave us the high of August 16th.... from the low of July 19th and High of Aug 16th we should at least see 34463 break of this area can put us at 34138 area...