Potential 22 Continuation Up/Outside Bar
We got our 22 reversal up in April as stated and price is still above the major level and closed above the yearly BF.
As of now the level to watch is $4133.50. Price needs to hold over that level to trigger the continuation up. If that level fails, it doesn't mean market is reversing, it just means its retracing. The real reversal is actually up, so when you get red days remember the bigger picture and zoom out to know true direction.
Levels to pay attention to and why?
- $4155.25 is the yearly .50 and we got a candle body close above it. Also pay attention to the monthly retest level $4133.50 and $4118.25 the monthly .618 which lines up with that yearly bf so that is our focus pivot. Just put a line on your chart stating “Above/Bullish, Below/Bearish”
- Price targets for Monthly 22 Continuation Up
- $4198.25 monthly trigger
- $4208.50 Quarter trigger
- $4254.50 BF
