Update to my previous plot Mapping Long Entry zones (click).
We went long per the above plot, catching the bottom after 2 tries.
After riding it this far, we are now approaching serious resistances.
Time to book some profits or Trail Stops closer as we near a top.
We JUST hit a resistance fib that COULD be the top.
If we get past $1.7684, next serious zone is $1.82-1.84.
The maximum expectable target is $ 1.88-1.90 zone.
If/when a retrace appears to be underway,
I will post a new plot based on pullback fibs.
If we keep going, I will update resistances.
.
My previous plot that caught the bottom, and most of these fibs/zones are still valid:
We went long per the above plot, catching the bottom after 2 tries.
After riding it this far, we are now approaching serious resistances.
Time to book some profits or Trail Stops closer as we near a top.
We JUST hit a resistance fib that COULD be the top.
If we get past $1.7684, next serious zone is $1.82-1.84.
The maximum expectable target is $ 1.88-1.90 zone.
If/when a retrace appears to be underway,
I will post a new plot based on pullback fibs.
If we keep going, I will update resistances.
.
My previous plot that caught the bottom, and most of these fibs/zones are still valid:
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag