If breaks through 15.4 expect retrace to 0.318 line, and then a bounce back up. However if it finds support at the 0.628 line, can expect reversal into uptrend; possibly finding resistance at previous All time high. Prime buy points would be at the 0.318 line ($13) or the 0.628 line ($16), if unsure of which; wait for trend to get close to the 0.628 support and see if 2 candles close below it back-to-back, if closes below it safe to assume will continue retrace to 0.318 support.
[Semi Experiment because using New Technique]
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Bounced off 0.786, expecting to retest 1.0 on the fibonacci retracement.
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(Fibs were backwards in OG pic)
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Bounced of the 0.618 of OG pic, if closes above diagonal white dotted line above Pitchfork, safe to assume will continue to horizontal white line above.
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Finding resistance at the current line of pitchfork
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Broke pitchfork resistance
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Strong support/resistance at top of Pitchfork.
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Bounced off 0.382, heading up.
Transakcja zamknięta: osiągnięto wyznaczony cel
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Targets hit, broke out of pitchfork; New chart up soon.
May I ask why you think it's going down after the target?
Godly
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@AndyEdwards, It isn't necessarily my thoughts viewed toward the outcome; but more so what could possibly happen after it hits the target. It could continue the bull trend aswell passing the target; these ideas are more so for people who day-trade/swing-trade on a regular basis.