- previous support - sustained buying power - relatively low volume break through AR
- Fib zone - buying power - low volume break through automatic rally
Price is at resistance (multiple resistances on the 1H). Fake breakout at previous high plus 3 times selling volume and low volume on lower prices.
1. high volume buying power on lower price 2. retracement into fib zone 3. push through automatic rally
Lots of buying power on the 5 minute chart, price is in current fib zone, broke the automatic rally on 5min.
Broke above previous high, retracing in to structure to +/- .618 fib level and then rally up. TP1 = Previous high, TP2= next resistance level
Testing strong resistance, pulling back to strong support zone
Broke previous resistance, retraced to prev resistance .382 level. Looking for a move up test previous high (TP1) and TP2 will be the 1.272 extension
Testing strong support level and at the bottom of a strong trend line, expecting to make an upward move to previous High.
AU broke weekly resistance level, I expect that it will test the current support level and then make an upward move to previous high (0.77025)
Touched a strong support level again. Expected to touch the 0.382 fib level