We have a well defined uptrend since February, price has made just Shallow retracements on its way up. but looking the weekly TF, we see it has arrived to the overbought zone, which is important to consider a deep retracement, to continue its way up for 1000 pips from now, and 3900 pips extension based on Monthly historical down fibo. I am going to consider 1h and...
Price is in a range, in short TFs 1H y 4H, we could trade the range, but, it has about 500 pips on its way up space to start falling down, in this case it is better to look cautiously a break up to continue the trend, or down for a deeper retracement.
Waitng for the market to form only highs to sell, otherwise sell the breakdown of the consolidation to 0.847 1st target.
On Daily and weekly Timeframes, the price has arrived to the overbought zone, as I announced on my Idea published on February 26th, I said Price was going to change direction looking for a minimum of 1200 pips, and it did it for 1800 pips. Now I see the perfect pullback zone and a crown formation on short term timeframes, so, let's prepare to start selling. In my...