Now, quick one let talk about short term view, I prepared a chart of 30minutes timeframe where I suspected market to move in the form of potential BULLISH BAT Pattern.
The pattern is well detailed and well explained with possible and potential action to take at each stage of market.
Take this as my quick market update and always remember to secure your trades with stop loss.
On a long term basis, I have this to say about market.
As market finding its stability under major strong fib level at 61.8% retracement of ATH, my market view still remain same with a proposed target towards 88% levels around 18000usd.
In the long term major important support remain 8700$, as long as we are trading above this level my target view will keep within range.
The pattern is well detailed and well explained with possible and potential action to take at each stage of market.
Take this as my quick market update and always remember to secure your trades with stop loss.
On a long term basis, I have this to say about market.
As market finding its stability under major strong fib level at 61.8% retracement of ATH, my market view still remain same with a proposed target towards 88% levels around 18000usd.
In the long term major important support remain 8700$, as long as we are trading above this level my target view will keep within range.
Trade active:
Daily view looking seriously good
Trade closed: target reached:
Price hit our immediate resistance to complete the leg ABC. But I believe presently another pattern is forming that I will update us soon
Trade active:
Trade closed: target reached:
Approaching AB=CD target zone
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The BAT idea is still looking very good, we have our immediate resistance at 11580$.
I hope we break this level upside so the move continue.
Failure to break it will result into the BAT leg down to be triggered.