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.
Potential 2up Continuation or 22 Reversal down however we may remain inside on the 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.
