22 Reversal Up Trigger
As of now we have expanded through the monthly BF, however this week we closed below it. Price target for the month which is $12945.25 has been hit, so what's happens next?
Price is currently above the 6M .618, this one is fairly simple and easy to watch for the month.
Levels to pay attention to and why?
- $12112.75 is the 6M .50 this is the level price needs to stay above. A test and hold of this levels confirms to reversal continuation up.
- We have 6 days left on this 2week candle, so set an alert to see how this candle close and if its above or below that $12112.75 level
- If price breaks that level then the monthly retest is in play at $11529.75
