Weekly View on the chart.
We have a confluence area based on trendlines that we might see price come down to by 1st week of Feb.
This coincides with the completion of a 5 wave pattern at the 23.6% on the daily indicated by the FIB shown.
After that, I'm expecting price to break through this range and reach for higher levels.
We have a confluence area based on trendlines that we might see price come down to by 1st week of Feb.
This coincides with the completion of a 5 wave pattern at the 23.6% on the daily indicated by the FIB shown.
After that, I'm expecting price to break through this range and reach for higher levels.
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Weekly closed right at resistance, lets see next week if we see a push up from here or a slight retracement for a move higher.