Hi Dove
My regression engine show changing of 4h channel to upside, while daily I down. That signal that some retracement will be in place. 1h channel show that test of down side is in progress.
For me possible levels on down side are:
- 117.60/80 – ( Daily S1 @117.76, 1HFibRetracement f2lv @117.61, 4HFibRetracement f2lv @117.60)
- 117.20/30 – ( Daily S2 @117.17, Weekly S1 @117.19,, 1HFibRetracement Down lv. @117.18)
After that test I expect to see a bounce, and if the test of 117.20/30 fail it will be stronger with the top lv. up to 119.50/90.
My regression engine show changing of 4h channel to upside, while daily I down. That signal that some retracement will be in place. 1h channel show that test of down side is in progress.
For me possible levels on down side are:
- 117.60/80 – ( Daily S1 @117.76, 1HFibRetracement f2lv @117.61, 4HFibRetracement f2lv @117.60)
- 117.20/30 – ( Daily S2 @117.17, Weekly S1 @117.19,, 1HFibRetracement Down lv. @117.18)
After that test I expect to see a bounce, and if the test of 117.20/30 fail it will be stronger with the top lv. up to 119.50/90.
It’s just emotions & money