June FOMC Pullback to 43,000

11 oct

Using my FOMC levels, I am expecting a pullback back down to 43,000 to mitigate some orders and to find support. What am I basing this on? I am basing this on the huge gap between prices from June FOMC and July FOMC.

Below is the 8-hour chart showing my thought process



Here are examples of this price gap return







My long-term thesis is to use the top FOMC releases as resistance and when price does breakout into the 50k's, will turn them into major support

11 oct

Nota