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We couldn't close higher to make that final push to 9400-9600USD.
Back inside the range, but we have found support on the pivot, never closing below it.
Now we have made a higher low and continue to squeeze into a tighter range until we break up/out of this pattern.
The bull inside me has not died, just because of this bull trap yesterday; indicators are reset ...
The correction back up was as quick as it was down. Bulls firmly have control now and are targeting the retest of a linear trendline which stems from 6000USD. I was surprised to see another push lower before the swing, I had 8200USD in mind for strong support on the 50% fib, but we already were showing price divergence on the 15/30 min charts and didnt quite reach ...
For the next wave of continuation we should target 9400-9600 before we start to see some real resistance in the market. 9400usd is the 50% fib retrace from the 6000usd low to 11700usd high; expect a battle between bulls & bears around this key area.
Right now the 2hr paints a strong bull market, and we have several hours before the end of the daily candle close, ...
The swing low had great confluence on the 88% fib % 78% fib on the 4hr and 1D chart.
From here I am extremely confident the swing low is in and we breka up for the next wave.