Hello Dear Traders..
Prices goes into cycles...
Big cycles and smaller cycles in between completing the big cycles..
what we have on this Chart is a 2 small cycles started of low 2277.43
1 cycle "360" Finished at 2338 but Price kept going for more levels on a 2nd cycle.
Important Level to watch atm is that 2338>>> closing below it and then 2322 would go for further down trend for the bigger cycle.
Horizontal levels are Important Levels, Wait for Price action and use it beside your regular analysis to take action.
Wish you best of luck
Prices goes into cycles...
Big cycles and smaller cycles in between completing the big cycles..
what we have on this Chart is a 2 small cycles started of low 2277.43
1 cycle "360" Finished at 2338 but Price kept going for more levels on a 2nd cycle.
Important Level to watch atm is that 2338>>> closing below it and then 2322 would go for further down trend for the bigger cycle.
Horizontal levels are Important Levels, Wait for Price action and use it beside your regular analysis to take action.
Wish you best of luck
Comment:
Big Cycle from Last high 2431 here:
Time is more important than price. When time is up price will reverse." – W. D.