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/
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
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/
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。