Here a battle between the Monthly and the Weekly traders.
Target is the same for both 1281.84.
Monthly traders are already sync with that target, but weekly is a mess, completely desynchronized.
So, weekly traders need to go to at least 1358.1 to sync these waves and I expect they try to jump from 1.3127
However Monthly traders still want to go fast to that target and will try again at 3 points 1,332,04 1345.47 and finally 1354.75, this if September Low remains unbreakable, if price goes lower 1302.53 before other points must be considered.
These waves could take another forms this is just one, the focus should be the target 1281.84
Note that I use the word support/resistance in both directions. So, for me the support for Bears is their impulse.
Good luck
General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately because server is not sync with UTC.
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)
Target is the same for both 1281.84.
Monthly traders are already sync with that target, but weekly is a mess, completely desynchronized.
So, weekly traders need to go to at least 1358.1 to sync these waves and I expect they try to jump from 1.3127
However Monthly traders still want to go fast to that target and will try again at 3 points 1,332,04 1345.47 and finally 1354.75, this if September Low remains unbreakable, if price goes lower 1302.53 before other points must be considered.
These waves could take another forms this is just one, the focus should be the target 1281.84
Note that I use the word support/resistance in both directions. So, for me the support for Bears is their impulse.
Good luck
General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately because server is not sync with UTC.
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast/slow motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)