The daily level at 63.5k acted as resistance once again
We have a new weekly level at 61.5k, which is the important support that we don't want to lose in my opinion.
If we lose it, we still have the big support area at 57.5 - 59k (monthly level + pitchfork median + fib golden pocket), and targets to the downside have been outlined in my last idea (link below)
Honestly if we break 61.5k I don't expect this support area to hold, but we will still have to monitor the reaction should we get there of course
If we reclaim 63.5k, last big resistance is the fib golden pocket at around 64.5k, if we break those look for a push to ATH
For now, we are forming lower lows and lower highs on the LTF so it is more likely that we break 61.5k
Any questions?
Good luck traders
Remember not to break your rules
Habib
We have a new weekly level at 61.5k, which is the important support that we don't want to lose in my opinion.
If we lose it, we still have the big support area at 57.5 - 59k (monthly level + pitchfork median + fib golden pocket), and targets to the downside have been outlined in my last idea (link below)
Honestly if we break 61.5k I don't expect this support area to hold, but we will still have to monitor the reaction should we get there of course
If we reclaim 63.5k, last big resistance is the fib golden pocket at around 64.5k, if we break those look for a push to ATH
For now, we are forming lower lows and lower highs on the LTF so it is more likely that we break 61.5k
Any questions?
Good luck traders
Remember not to break your rules
Habib
