GJ break of zone
DAILY: I see that price was in an uptrend. It pulled back 50% and passed -61.8 on the daily FIB to rest on the monthly key level + bearish divergence.
4HR: I see that price is in an uptrend, respecting the lows. Price just broke consolidation, above the weekly key level and now resting on the monthly key level.
CURRENTLY: I see that price was in an uptrend. On the minor FIB it hit -61.8 and consolidating on the monthly key level. On major structure, price retraced to 23.6 and has not yet hit -27.
I am looking for price to consolidate a bit more on the monthly key level, then either
(a) Make a push up to -27 on the 1HR FIB
OR
(b) Go back to the 1HR trendline and previous resistance
4HR: I see that price is in an uptrend, respecting the lows. Price just broke consolidation, above the weekly key level and now resting on the monthly key level.
CURRENTLY: I see that price was in an uptrend. On the minor FIB it hit -61.8 and consolidating on the monthly key level. On major structure, price retraced to 23.6 and has not yet hit -27.
I am looking for price to consolidate a bit more on the monthly key level, then either
(a) Make a push up to -27 on the 1HR FIB
OR
(b) Go back to the 1HR trendline and previous resistance
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