Potential short setup is forming on h1 with nice TP target. Notice the PA targeting fib 62% retracement level having a wedged shape (also supported by my EWT based view on this).
Will see, sell limit order has been placed.
Edit: My sell limit order is still pending. I expect one more upthrust at least, touching fib 62% or even a little bit higher (round number 1.650 would be the ideal target). Then, a classic SonicR short setup on M15 has a good chance to develop.
On the other hand: if current PA goes below 1.6354 chances are that a minor pullback is going on before further long with a higher target (~1.652x). So be careful.
Will see, sell limit order has been placed.
Edit: My sell limit order is still pending. I expect one more upthrust at least, touching fib 62% or even a little bit higher (round number 1.650 would be the ideal target). Then, a classic SonicR short setup on M15 has a good chance to develop.
On the other hand: if current PA goes below 1.6354 chances are that a minor pullback is going on before further long with a higher target (~1.652x). So be careful.
Mind the gap