Strong rally toward $12,500 starting now.
I am expecting a sharp immediate rally up toward the downward trendline around $12,500, then a fall down to approx. $11,700, and then followed by a strong rally to near $13,000.
After touching the critical level of $13,000 - where there is a 0.618% fib retracement, a 0.50% fib retracement, and a previous pivot high - I expect an immediate sharp pullback.
I suggest you trade with low or no leverage. Best of luck.
After touching the critical level of $13,000 - where there is a 0.618% fib retracement, a 0.50% fib retracement, and a previous pivot high - I expect an immediate sharp pullback.
I suggest you trade with low or no leverage. Best of luck.