If this plays out, the target price is $8225
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Watch out for STOPS-HUNTING BOTS!!!!
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get wrecked with your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
===============================
Watch out for STOPS-HUNTING BOTS!!!!
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get wrecked with your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
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The Bullish Scenario
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The Bearish Scenario.
Firs potential point of price reversal is at the 61.8% Golden Ratio Fibonacci Level.
Firs potential point of price reversal is at the 61.8% Golden Ratio Fibonacci Level.
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On the chart:
Descending Triangle.
Bearish Divergence on RSI.
Descending Triangle.
Bearish Divergence on RSI.
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This fractral may play out like this.
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There may be a possibility of this playing out like this when price decides to drop to the 61.8% Golden Ration Fibonacci Level.
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If price does dip down to the 61.8%, this would create a higher high.
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Ascending Channel
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Descending Triangle Resistance Line reached. Break up or break down?
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Resistance Re-Test
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Price headed for the resistance re-test zone.
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Upside Breakout may find resistance at the 55W EMA.
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At the brink of breaking strong support. Will support hold?
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Price hitting SUPPORT
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61.8% Reached, Will Support Hold?
