Lots going on here, so pay attention.
We have 2 clear zones, at the top and bottom of structure. Whenever we tap into either, we get forceful pushes.
So we know if we get into the green zone, we're selling. Red zone, buying.
Delving into structure, we have a descending channel and what appears to be an Inverse Head and Shoulders forming. This lines up perfectly with the current swing low to high 61.8% level which has yet to be tested.
However, just be aware that price may touch that buying zone one more time to grab some liquidity and form a double bottom!
Target is the longer term 61.8% area which is a nice 350 pip move.
No sells unless we tap the red zone, as of now.
We have 2 clear zones, at the top and bottom of structure. Whenever we tap into either, we get forceful pushes.
So we know if we get into the green zone, we're selling. Red zone, buying.
Delving into structure, we have a descending channel and what appears to be an Inverse Head and Shoulders forming. This lines up perfectly with the current swing low to high 61.8% level which has yet to be tested.
However, just be aware that price may touch that buying zone one more time to grab some liquidity and form a double bottom!
Target is the longer term 61.8% area which is a nice 350 pip move.
No sells unless we tap the red zone, as of now.
