Price behaves like a single organism that moves in cyclical, parabolic patterns: from Higher Highs (HH) to Higher Lows (HL) to Higher Highs again, and from Lower Highs (LH) to Lower Lows (LL) to Lower Highs. Each Higher Low creates new buy orders that are fulfilled, leading to the formation of a new High. Likewise, each Lower High creates resting sell orders that...
WE HAVE A TRIPLE BOTTOM AT THE $64 SUPPORT STRUCTURE. USING OUR FIB TOOL WE CAN SEE THE EXTENSION FOR A BULLISH UPTREND TO ABOUT THE $66.20 RESISTANCE BEFORE A POSSIBLE SELL OFF
WITH PRIOR BULLISH REVERSAL; EXPECT A HIGHER-LOW ON UPTREND. USING FIB RETRACEMENT WE CAN GATHER PRICE WILL SHOOT UP; 2 TP LEVELS EQUALING 50-90 PIP GAIN
