My View

When i look at a long term chart i use Fibo heavily and try to correlate trend lines. In this example price went to 98.50 area witch is the 50% retrace at 98.51.Missing the gap close from last week. Since then we gapped up again respecting the 50% monthly Fib. Along with the 50% and 61.8% fibo retrace. So as long as those areas continue to be respected I am projecting a short term move to close 2 gaps. AND wanting the 50% and 61.8% larger swing retracement ( Cream line) to be respected. If that happens then we should move higher potentially past the monthly fibo and potentially hitting the other areas I previously posted. Please note I also use this as preparation work for short term bias as I do trade the 15 min time frame. Keeps me in the trend. My Bias for today has been short.