Daily chart
1.)Price is respecting the daily trend and formed a morning star closing above the low of trend confirming bullish momentum.
2.)Price hit .23 and broke through .38 on the daily fib retracement. Target 3 would be 1535 based on daily chart
4 Hour Chart
1.) Clear morning star forming above.23 on the 4hr fib retracement.
2.) Prices on the 4hr chart still clearly respecting the daily trend line so it will touch the top trend for a 1521 Target.
3.) 1521-1535 is consolidation area look for sell here.
1.)Price is respecting the daily trend and formed a morning star closing above the low of trend confirming bullish momentum.
2.)Price hit .23 and broke through .38 on the daily fib retracement. Target 3 would be 1535 based on daily chart
4 Hour Chart
1.) Clear morning star forming above.23 on the 4hr fib retracement.
2.) Prices on the 4hr chart still clearly respecting the daily trend line so it will touch the top trend for a 1521 Target.
3.) 1521-1535 is consolidation area look for sell here.
Commentaire:
Target 2 would be 1510. I entered at 1495.11.