New month, pop.. Gap up...
Left to right..
Fib 1 very big front run on its 50 level long, its almost going up from the 38.2 line already. To target at the -0.236
Fib 2 now since we don't retrace but continue higher you draw fib extensions from the previous zero line. Look how the long traded again with a very big frontrun.
Fib3 and fib4 are two other ways you could have traded the longs on smaller timeframe.
Looks very bullish, except for the gap at the bottom. Very interesting to see what will happen. Maybe this is a sign the short will trade, maybe it will not be filled.
Left to right..
Fib 1 very big front run on its 50 level long, its almost going up from the 38.2 line already. To target at the -0.236
Fib 2 now since we don't retrace but continue higher you draw fib extensions from the previous zero line. Look how the long traded again with a very big frontrun.
Fib3 and fib4 are two other ways you could have traded the longs on smaller timeframe.
Looks very bullish, except for the gap at the bottom. Very interesting to see what will happen. Maybe this is a sign the short will trade, maybe it will not be filled.