Follow up to yesterday's idea where I showed you my preferred EW count, here are the levels that you should be aware of.
Right now we are ranging between the weekly and the fib golden pocket :
- If we break to the downside, we have the major 41-42k support area
- If we break to the upside, we have the major 47-50k resistance
So we actually have 2 very important areas, both above and below us, so just wait for price action to develop and monitor reactions to take your next trade
Any questions?
Good luck traders
Remember not to break your rules
Habib
Right now we are ranging between the weekly and the fib golden pocket :
- If we break to the downside, we have the major 41-42k support area
- If we break to the upside, we have the major 47-50k resistance
So we actually have 2 very important areas, both above and below us, so just wait for price action to develop and monitor reactions to take your next trade
Any questions?
Good luck traders
Remember not to break your rules
Habib
