This is a little experimental analysis speculating on the next move up. This ignores possible sideways action and a whole lot of things Im not experienced enough to take into account. But I think it could mark out a few key points on the way up.
Ive drawn over the last few days upward action (bottom red and blue triangles) and cloned them up. As you can see the possible resistance levels on the way up seem to correlate somewhat with the previous dowards action's support levels over the previous weekend.
Let me know your thoughts
Ive drawn over the last few days upward action (bottom red and blue triangles) and cloned them up. As you can see the possible resistance levels on the way up seem to correlate somewhat with the previous dowards action's support levels over the previous weekend.
Let me know your thoughts