Hello all.
This is my point of view of the situation today.
If price manages to break above 4182-4185 , holds and establishes level, it may reach 4200 and maybe 4230 where it meets the secondary HTF trend line.If it manages to beak that also, it may move to 4260 where the main HTF trend line is, but I think it will be a slow and ranging upward movement.
Since I believe it will be difficult to break above, at least until now, I think it will retest price areas around 4140-4120-4110.
For me, first move (if it doesnt break above), will be to test around 4140 and see how it goes from there.
Of course, for all the above thoughts, news are an exception.
This is my point of view of the situation today.
If price manages to break above 4182-4185 , holds and establishes level, it may reach 4200 and maybe 4230 where it meets the secondary HTF trend line.If it manages to beak that also, it may move to 4260 where the main HTF trend line is, but I think it will be a slow and ranging upward movement.
Since I believe it will be difficult to break above, at least until now, I think it will retest price areas around 4140-4120-4110.
For me, first move (if it doesnt break above), will be to test around 4140 and see how it goes from there.
Of course, for all the above thoughts, news are an exception.
The only thing that I know, is that I know nothing.. - Socrates
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