Patience is a virtue part 2 - Longing the retracement

First chart was a 100% success, stoch confirmed the hidden bullish divergence on both 12 hour chart and the weekly. Now we're on for a retest of 7.8k. We got a long from 6.1k.

Once 7.8k is hit, we either FOMO through it up to 8.2k (Unlikely).
However, we haven't had a retracement yet; 4 hour charts and longer term charts are showing the bulls exhausting a bit and a retracement being around the corner.
We should be hitting 7.8k then getting a retracement to the next yellow zone, if we do not break underneath that yellow box then we can position longs up to the next yellow zone above 7.8k.

Will be updating this chart.

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target hit perfectly. Bearish divergence also on the daily. Should be seeing a retracement down to the next yellow box. Will re-assess situation once we get there.

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On our way down to next yellow box.

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hit PERFECTLY.

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4 hour chart, we hit the bottom of the channel I posted in my group and are beginning to move up.

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dropped out of the secondary yellow box. Moved onto the third, daily shows a hidden bullish divergence and looking at the 12 hour chart there's also a normal bullish divergence. I think this is the time we will begin to move up, to at least form a lower high (if bearish) or begin to move up enough to break 8.5. Next week will be important.

Stay Tuned and make sure to follow.

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Stated on telegram chat that 6.8 would be the lowest we see for now before further movement up. Now we're at 7130. Slowly moving up.

Trade closed manually

Broke down from 6.8, dropped to 5.8. Now in a rising wedge pattern. Should be going down to the bottom of the channel next.

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zoomed out rising wedge. We are failing to break the new downtrend line. A break of the downtrend line will lead to a bounce to re-test 6629-6650. However, a break of the ascending broadening wedge will lead to a re-test of 5906-6000. If we break that, we move down to 5.5k.

Wowmuhcharts

Big ooft

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Wowmuhcharts

Big ooft

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