some levels to think of
The fork can really make us see levels we otherwice didn't think of,
I know, everyone is expecting the gap to be filled soon, but as we can see based on the charts, that could take some time.
we are standing at the median lines of 2 higher timeframes forks.
I too think that we will eveventually close the gap, but I think based on this picture we could se a lot of chopping around before that can happen.
but why I think that the gap will be filled and that we will brake the 2 median lines eventually, is that it is currently resting at the 23.6 fib level,
which is a level that almost never holds, usually the market will go to 32.8% minimum,
but the market could surely take a trip higher from the median lines, those median lines are very strong, especially from higher timeframes.
so I think it would be best to wait and see what happens, what we wwant to see is a brake of the median lines,
then a short could be established on a pullback back the one of the lines.
I know, everyone is expecting the gap to be filled soon, but as we can see based on the charts, that could take some time.
we are standing at the median lines of 2 higher timeframes forks.
I too think that we will eveventually close the gap, but I think based on this picture we could se a lot of chopping around before that can happen.
but why I think that the gap will be filled and that we will brake the 2 median lines eventually, is that it is currently resting at the 23.6 fib level,
which is a level that almost never holds, usually the market will go to 32.8% minimum,
but the market could surely take a trip higher from the median lines, those median lines are very strong, especially from higher timeframes.
so I think it would be best to wait and see what happens, what we wwant to see is a brake of the median lines,
then a short could be established on a pullback back the one of the lines.
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