As i shared in the previous chart on EU, I like to look for a retracement and follow up with the projections.
If I see price find support below 38% im expecting a reversal of the impulse. If price finds support above 38% im expecting a continuation.
To confirm a continuation of the impulse , I like to see resistance at 11% projections, which happened to be the case with this chart.
Also it does not hurt to see any kind of divergence to stack up the probabilities in our favor. If you look at a hourly chart its very easy to see. Alot of gaps to be filled aswell.
Ill keep these charts coming, make sure to leave a like and comment with any ideas below.
God bless and happy trading
If I see price find support below 38% im expecting a reversal of the impulse. If price finds support above 38% im expecting a continuation.
To confirm a continuation of the impulse , I like to see resistance at 11% projections, which happened to be the case with this chart.
Also it does not hurt to see any kind of divergence to stack up the probabilities in our favor. If you look at a hourly chart its very easy to see. Alot of gaps to be filled aswell.
Ill keep these charts coming, make sure to leave a like and comment with any ideas below.
God bless and happy trading
