Technical Analysis
1. Rising Wedge
2. Fibbonacci Retracement and Expansion to 1.618 completed (while forming a reversal pattern which indicates exhaustion of the market.
3. Monthly chart RSI overbought to the MAX!
My Re-entry is based on structure levels to the left and a larger Fibbonacci Retracement level
1. Rising Wedge
2. Fibbonacci Retracement and Expansion to 1.618 completed (while forming a reversal pattern which indicates exhaustion of the market.
3. Monthly chart RSI overbought to the MAX!
My Re-entry is based on structure levels to the left and a larger Fibbonacci Retracement level
Comment:
NOTE THAT I AM EXPECTING THE MARKET TO RISE TO 62k BEFORE FALLING. I will update this again when it has reached or falloff the Rising wedge.
Trade closed: target reached
