Morning folks,
So, stimulus euphoria totally has erased short-term bearish context. Still, this is fragile foundation because if something will go wrong, rally easily could be reversed. Anyway, currently we have the new background. As you can see, our "222" Sell has shifted into butterfly that already has hit the first, 1.27 extension. As price stands at overbought, we suggest short-term tactic retracement to 12.46 - 12K levels. Then, theoretically, upside action should continue to next, 1.618 extension of 14.15K area. BTW, this target almost coincides with our long-term weekly AB=CD 14.5K...
It means, that bulls should wait for small tactical pullback and then consider long entry.
So, stimulus euphoria totally has erased short-term bearish context. Still, this is fragile foundation because if something will go wrong, rally easily could be reversed. Anyway, currently we have the new background. As you can see, our "222" Sell has shifted into butterfly that already has hit the first, 1.27 extension. As price stands at overbought, we suggest short-term tactic retracement to 12.46 - 12K levels. Then, theoretically, upside action should continue to next, 1.618 extension of 14.15K area. BTW, this target almost coincides with our long-term weekly AB=CD 14.5K...
It means, that bulls should wait for small tactical pullback and then consider long entry.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。