January Potential 2up Continuation or 22 Reversal down however we may remain inside on the month.
As far as the monthly BF, we will transition them into the new year, why? Because we didn't make a new low on the month last month.
Price is currently trapped on the monthly, so I don't think we make any major moves until price gets above $4030.50. Price gets above that level then we looking at our Yearly targets. See that outlook in Yearly Outlook.
Levels to pay attention to and why?
- $3984.25 this is the .50 for last month and as you can also see, it is the top of a monthly BF
- $3914.75 price gets above this level, I fully anticipate it to run to Monthly .50 at $3984.25
- Now the Tricky level, I say tricky because lets just say price triggers 2down on the month, it can potentially bounce at the $3761.00 and trap bears. So my suggestion is take profit at that level and reenter on full confirmation below that level.
How it played out
