Small Candles Big Potential
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Price went past previous Green Target 2 but has stayed in the neighborhood. Speculation about a double top and a breakout would be rife by now. A small candle march to the high has everybody looking at what could be on the cards.
Money Man placed Green Target 1 for a relook if we get there and space in Decision 1 for momentum to decide movement. Normally placing Red Target 1 on the established long-term trend would be a good idea as it provides a good area to have a good look again as well, but here he is a bit bolder than normal and forecasts that it might not hold the price as it does not look strong.
Conclusion: Enough eyes now would translate into some move and Money Man is bargaining on that on the condition that we get out of the decision boxes. Staying in between the decision boxes and then revisiting the levels would only make them even more significant. Remember that there are no guarantees – only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and add to this and Please follow if you see this analysis thread going somewhere you would like to know about.
Money Man placed Green Target 1 for a relook if we get there and space in Decision 1 for momentum to decide movement. Normally placing Red Target 1 on the established long-term trend would be a good idea as it provides a good area to have a good look again as well, but here he is a bit bolder than normal and forecasts that it might not hold the price as it does not look strong.
Conclusion: Enough eyes now would translate into some move and Money Man is bargaining on that on the condition that we get out of the decision boxes. Staying in between the decision boxes and then revisiting the levels would only make them even more significant. Remember that there are no guarantees – only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and add to this and Please follow if you see this analysis thread going somewhere you would like to know about.
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