PRICE HAS HIT A KEY RESISTANCE ON THE DAILY.POSSILY FORMING A CUP AND HANDLE PATTERN WITHIN THIS UPTREND. IM LOOKING FOR A 70 PIP TP TO THE 23% FIBB LEVEL WITH A 20 PIP STOP.ENJOY AND LET ME KNOW YOUR THOUGHTS ON THIS IDEA :)
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WILL BE LOOKING TO BUY AFTER THE RETEST OF THE HANDLE
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Price Testing the 50 Fibbonacci level Still good area to Short.
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Price closed under .618 Fibb level. Holding
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PRICE WENT IN INTENDED DIRECTION FOR SOME PROFIT,BUT CUP AND HANDLE WAS INCOMPLETE. IN SPECULATION IT WAS DUE TO W PATTERN THAT HAD ALREADY FORMED AT THE BOTTOM OF THE MOVE.
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TIP:THE BIGGER THE TIMEFRAME THE MORE ACCURATE THE MOVE.