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Price can touch fib 50% again but its important not loosing 38.20 support area(1.25000) I think price can goes up even higher till 1.27 and 1.29

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As you can see there was a Reversal at fibo 50% (100.YYY), at the ends of 2017/18 we could expect price goes up to 125.YYY Range. but its matter of time and fundamental issues

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also Check previous idea

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There is another possibility that we have reversal on fib 50% which explained as second support stage so there may be more correction on the way

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for now it depends on Resistance R (Blue line), I expect higher values if it breaks strongly for long term position , trend must go out from regression channel

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more details will be publish on 1 hour chart

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Possible support areas, Strong support area is the Black line

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before any conclusion take a look to the Monthly/Weekly/Daily/4H charts Notice: The Idea will be invalid under 109 price range, wait for higher price numbers

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Combination of Bullish Wolfe wave, completion of 5th wave also there is a bearish Shark pattern (CD wave) for confirmation price must hit 112.5XX heavy resistance on 114.XXX, 116.XXX

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As you can see there is potential bullish reversals candlesticks There will be more details on 4H chart

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NA

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3/25/2017 @111:333 Mark No#1 Alpha Point: Breaking of Downtrend pullback to the downtrend Then start of Uptrend, There will be 2 Heavy resistance on the path, Red line and historical resistance(green) Golden point: on the path of 4th wave of Bullish wolfe, must watch it on late of 2018

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NA

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TP: 86.520

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.

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Scenario B is not valid anymore

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I was thinking might be the bottom of this channel is strong support line, So wait for price to complete its pull back

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Description US banks will be closed in observance of Presidents' Day; Usual Effect Low liquidity and irregular volatility;