-Assuming it respects black line (support)
-Test green line (resistant)
-Looking to break resistant and follow yellow line
- If resistant does not break, will follow blue line and will bounce back to black line (support), and again reattempt to break green line (resistant).
-Biggest challenge is breaking the Green Line, after that 10,000 is the next challenge (0.382 fib)
-Long term- by end of the year between 2.618- 3.618 fib.
-Test green line (resistant)
-Looking to break resistant and follow yellow line
- If resistant does not break, will follow blue line and will bounce back to black line (support), and again reattempt to break green line (resistant).
-Biggest challenge is breaking the Green Line, after that 10,000 is the next challenge (0.382 fib)
-Long term- by end of the year between 2.618- 3.618 fib.