Market is too hard to tackle on the low TF, despite taking almost exact levels right timing has been a mess, not a single timing got right since the last bottom. So I am back to the bigger picture. Got the "main" circle with several key relevant points and make the projection there. It will be hard to scalp, so better not, just hold till the target !!
Note
Market is still hard trapping everywhere on lower TF. There is a bunch of curves on this low TF so just keep your trailing stop on to get out with profit if things reverse from here:Note
The smaller 1.618 Circle Fib in yellow dashed is looking very good resistence. By breaking it up the green one is the next to break. There is a lot of little curves to break as market is going in a range:Note
This formation resembles a bullish failing wedge, but curved, but if it turns bearish the blue dashed curve is the support where it will trigger, but I think no big move will happen before the outer 1.618 Circle Fib on green dashed has passed:Note
Market is about to kiss the yellow dashed curve (1.618 Fib) by 5th time and I am expecting it to break out where it will head to the outer 1.0 Circle fib and the green dashed circle fib, that's a lot of resistence, but I think that res will be weak:Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.