4 consecutive days of bullish price action with the potential to draw further up inside of the Feb 24 new week opening gap.
Short-term retracement is expected during conditions similar to now and would like to gee the NWOG for this week (still in a premium) filled with the last point of no return being a daily candle body closure below 3.946%
Short-term retracement is expected during conditions similar to now and would like to gee the NWOG for this week (still in a premium) filled with the last point of no return being a daily candle body closure below 3.946%
Trade closed: target reached
We peaked at the midway point of the NWOG.
Reversal in play? This weeks NWOG is looking healthy for a test
Note
Wednesdays daily closure above previous days high. So far so good.
4.024% is the last point of support if we are to continue higher.
Note
The highest range of the NWOG has been breeched during Wednesdays close and Thursdays high.
Looking forward going into next week for further upside action.
Note
Weekly Close
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Related publications
Disclaimer
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.