22 Up Continuation Trigger
As of now we have hit the top of the Quarterly BF, and if we want continuation then price needs to expand through. Price target for the month which is $4206.50 was hit, so what's happens next?
Price is currently sitting on the yearly BF, so as of now the level to watch is $4075.50. Price comes back through that level, we head to retest the monthly test area.
Levels to pay attention to and why?
- $4109.25 is the monthly trigger, a test of that level and bounce is expected
- $4075.50 price holds above this level, price will continue to ride the Quarter BF up until expansion. If that level breaks then you watch that monthly test area.
- We already have trigger on the month, so direction is determined. The only focus is the continuation up or monthly test area to hold. Please refer to Price Story weekly for more details.
