Because we are retracing a lot to the 42K, I think we are going further up.
To the 1.618 extension of the 20K - 3K leg = around 60K.
After that, the change is high, that party times are over...
This 1.618 is still normal for a irregular flat correctional pattern..
But we will see
To the 1.618 extension of the 20K - 3K leg = around 60K.
After that, the change is high, that party times are over...
This 1.618 is still normal for a irregular flat correctional pattern..
But we will see
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I will wait with this trade until it's safe and we have a full close above the 0.786 retrace, below 40K could be a top pattern forming.
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