Price has become bullish and has serious potential for price to go much higher - Targets shown
The 4hr chart shows price has broken structure and is making a retest. If this retest is successful and it does not break below the last point (marked off in red - 142.58)
I would be looking at an ideal entry at the 786 of the impulse leg which broke upwards (marked in...
My analysis suggests price will move up to the 786 area as shown on the chart.
My previous understanding and analysis of charts would suggest the price would rebound and go down from around the 618 level.
Ultimately price price will move down at some point. I'm hoping my targets are met, as this would reinforce my new analysis
Possibility for price to go higher. Price is at the near end of the Trend Line and has also formed a flag/pennant.
Waiting for a breakout and then for a suitable setup to go long
Price could also come down to the support level indicated on the chart. Happy Trading