We have seen our sign of strength here on SYN, and broken outside of the local consolidation. Im not really a flag / pennant guy, but this is typical behavior after the sign of strength. High and tight consolidation, with the expectations of a continuation out of the range there after.
At this stage the LPS should remain intact, and it does look like we got a checkback on top of .35 there.
Above the range, id say its .45 cents next and ultimately a retest of the upper red zone at about .54. A simple extension of wave 1 would take you to .61 and a 2.0 to .74
At this stage the LPS should remain intact, and it does look like we got a checkback on top of .35 there.
Above the range, id say its .45 cents next and ultimately a retest of the upper red zone at about .54. A simple extension of wave 1 would take you to .61 and a 2.0 to .74