This is solely to bring to attention some old resistance. It could easily rip right through but at the top demand block I believe we'll see a retrace even if its just one daily bear candle.
As described in the chart, just sit back and wait for a retrace. This mustve been the move I've waited two months for, lots of money to be made riding this thing up.
Not likely to take place but if support is found top side of demand block we could be looking at a nice long.
It appears as though I may have been early on this, my SL for all positions is 1.77615. This is just above the supply EQ not much further from historical support (dashed red line here)
Heading up toward local demand, found support on old demand turned supply. 4HR must close above upper block to invalidate position. I have not posted this order, waiting on confirmation.
I've been setting my long orders here, stacking them up anyway. This may be the last big draw down before the ride to north begins
Fib retrace from recent dump into daily supply block. I drew the fib and demand zones out about three or four weeks ago, so it seems to be holding. A full retrace is not likely but... we'll see.