1D chart shows possible S/R zone; lower time frames have some interesting confluence, see chart below
Note
Note
in this 1H chart we see we are in what is possibly a C wave of an ABC up from the recent low (or a 5 of 5, depending on how you count it).100% extension of A, and the algo target from the spike up from 41.8 to 44k are both around the 44.5k mark. Expecting a reaction there.
Note
Also, people may object to where I put the pitchfork pivots, and i hear you! But zoom in to the 5min and take a look at how well this placement seems to describe what's happening.
Note
huh - will it clear the 0.5 even
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.