Friends
A short to come of this soon (In my opinion)
We are at as long term respected resistance, we have minor consolidation @61.8 retracement of a previous impulse leg, this leg is an important leg for our move because the retrace hit, and retested the previous long term dynamic support and hit the sideways resistance simultaneously, failing at this level. This gave us an action zone, where a reaction will definitely take place.
Best of luck,
Tom
A short to come of this soon (In my opinion)
We are at as long term respected resistance, we have minor consolidation @61.8 retracement of a previous impulse leg, this leg is an important leg for our move because the retrace hit, and retested the previous long term dynamic support and hit the sideways resistance simultaneously, failing at this level. This gave us an action zone, where a reaction will definitely take place.
Best of luck,
Tom
