Watch this trade, detailed analysis and expected levels will be posted soon.
For now we would monitor price levels from now until May 7th.
From the high on 16th December, we have 144 days ending on 8th May. We will see how
price reacts to this time.
On the chart, price broke through the 50% level on a range time of 576 days from
the 962 x 969 square high. The 0.618 Fib level lies right ahead and as we approach
the 144 days time axis we would monitor how price action will react.
576 is the 2nd square of 12
144 x 2 = 288
288 x 2 =576
We also have a major range time occurring between 18th May to 23rd may which will
be discussed in a later post.
We have the 133 days pattern to monitor for confirmation of a valid bottom.
The 969 x 962 square has the next growth magnitude of 1370 units which will push price above the current high 24475
Until then, good luck and stay safe
For now we would monitor price levels from now until May 7th.
From the high on 16th December, we have 144 days ending on 8th May. We will see how
price reacts to this time.
On the chart, price broke through the 50% level on a range time of 576 days from
the 962 x 969 square high. The 0.618 Fib level lies right ahead and as we approach
the 144 days time axis we would monitor how price action will react.
576 is the 2nd square of 12
144 x 2 = 288
288 x 2 =576
We also have a major range time occurring between 18th May to 23rd may which will
be discussed in a later post.
We have the 133 days pattern to monitor for confirmation of a valid bottom.
The 969 x 962 square has the next growth magnitude of 1370 units which will push price above the current high 24475
Until then, good luck and stay safe