In my last update, I said that my preferred scenario would be a retest of the imbalances below us, and drew out the expected move for you.
We ended up following my scenario pretty nicely and reached our first resistance level after having taken the liquidity above 20.5 (traditional quarterly pivot).
For now, this move up is looking pretty bullish, so unless we lose 20k, I'm expecting higher.
A move to the imbalances above (21.8-22.4k) wouldn't be surprising.
So quick recap:
Support to hold is 20k
Resistance levels above us are marked on my chart
Any questions?
Good luck traders
Remember not to break your rules
Habib
We ended up following my scenario pretty nicely and reached our first resistance level after having taken the liquidity above 20.5 (traditional quarterly pivot).
For now, this move up is looking pretty bullish, so unless we lose 20k, I'm expecting higher.
A move to the imbalances above (21.8-22.4k) wouldn't be surprising.
So quick recap:
Support to hold is 20k
Resistance levels above us are marked on my chart
Any questions?
Good luck traders
Remember not to break your rules
Habib
