Potential 22Reversal Up
As of now price is above the 6month/Q and Monthly levels as well as the Yearly BF which price hasn't closed above that level since January 2022.
As of now the level to watch is $4100. Price needs to hold over that level to trigger the monthly reversal and hit upside targets. 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?
- $3991 is last month retest level however the last Quarter .50 is $4011.50 so this quarter, that is our focus pivot. Just put a line on your chart stating “Above/Bullish, Below/Bearish”
- Price targets for Monthly 22Rev Trigger
- $4155.25 a build over this level ensures the further targets
- $4208.50
- $4221.5
