Monthly supply area is nested with a Weekly supply area
The weekly area has been breached and approaching the monthly supply area
This is also inline with key weekly and monthly fib levels.
There are many valid trendlines on daily but these are weak representations so not applying them into my analysis.
I expect Price to continue up and based on a reaction in the highlighted area a sell, as shown.
The weekly area has been breached and approaching the monthly supply area
This is also inline with key weekly and monthly fib levels.
There are many valid trendlines on daily but these are weak representations so not applying them into my analysis.
I expect Price to continue up and based on a reaction in the highlighted area a sell, as shown.
