Most recent fundamental factors showed possibility to stay long here and add positions at decent pull backs. This is long term trading into completion of potential bearish crab that might get filled at weekly double top. Current daily price action shows very strong up trend and if I am to close longs I will pay attention at 100% Fib. In case of weekly close above it - it is very likely that the price will fill 1.618 as Potential Reversal Zone. I will look for short positions at 100% Fib because of Harley pattern filled first and, hopefully at 1.618 much later.
Commentaire:
I am sorry for typo, I meant Gartley pattern. If I discover new one I will name it " Harley" :) sp, till than, Gartley :)
Commentaire:
Weekly and Daily closed above 2016 high; I expect further trend continuation after eventual pull back.