Update from previous idea:
Analysis was sh*t hot yesterday, we took a fib from the 2 swing points giving us some key areas to look out for as price was rising. price target was missed by $3 unfortunate but overall insane call.
the only thing on the chart which has champed is the 0.5 fib line has became a box, highlighted in green.
a new fib has been taken from the newly made swing high and low (from top to bottom) as we are looking at the retracement from the high, we smashed through the golden pocket before testing the very key level which is the 0.5, holding that bullish short term bias.
yesterdays analysis spoke about breaking the 0.5 to the upside which was the bottom of the green box, so the green box is the previous fib 0.5 which was previous resistance turned support and the top of the box is today's retrace fib 0.5 which has perfectly held as support so far.
I am looking for another test of this line my blue box has been resistance previously so more than likely test that before coming down forming a nice reversal pattern hopefully giving us the next push to the upside, price target is the green box above.
I have drawn an ideal scenario to play out, fingers crossed we go like this. ONLY IF WE HOLD THE 0.5!!
Analysis was sh*t hot yesterday, we took a fib from the 2 swing points giving us some key areas to look out for as price was rising. price target was missed by $3 unfortunate but overall insane call.
the only thing on the chart which has champed is the 0.5 fib line has became a box, highlighted in green.
a new fib has been taken from the newly made swing high and low (from top to bottom) as we are looking at the retracement from the high, we smashed through the golden pocket before testing the very key level which is the 0.5, holding that bullish short term bias.
yesterdays analysis spoke about breaking the 0.5 to the upside which was the bottom of the green box, so the green box is the previous fib 0.5 which was previous resistance turned support and the top of the box is today's retrace fib 0.5 which has perfectly held as support so far.
I am looking for another test of this line my blue box has been resistance previously so more than likely test that before coming down forming a nice reversal pattern hopefully giving us the next push to the upside, price target is the green box above.
I have drawn an ideal scenario to play out, fingers crossed we go like this. ONLY IF WE HOLD THE 0.5!!
