From March 02 2020 point A until December 2021 point B uptrend. From January 01 2 June 2022 retracement of Fibonacci level point C.
* Next target level $15,000 before heading to $16500 after which a possible break of structure to the upside to form a new high.
CAUTION: when price gets between $14000 to $15000. Might be tricky at that point before it eventually breaks it to $16500
WEEKLY TIME FRAME
* Little to nothing will be done here because the lower time for your respect and follow the higher time frames
* So you will just be buying and selling the market reaction in respect to the monthly time frame and overall analysis.
* Clearly you can see that price is heading to the support at $15,000.
ATTENTION! You might be tempted to ask or say the prices trading in a form of H, L, LH, LL pattern weekly zone. The four at the current level LH point K there’s a possible LL again.
CAUTION: AGAIN IT’S ONLY REACTING TO THE HIGHER TIME FRAME AND RESPECTING THE MONTHLY 0.5 – 0.6 FIB LEVEL AT POINT K CURRENT PRICE. IT HAS VIOLATED THE AND CLOSES ABOVE IT WITH A STRONG . SO LITTLE TO NO ROOM FOR THAT L, LL, H, HL PATTERN. THEREFORE ALL ROADS LEADS TO $15000 FIRST FOR SOME PASSENGERS TO ALIGHT FROM THE TRAIN BEFORE HEADING FURTHER TO THE NEXT BUS STOP.
DAILY MOVING VEHICLE.
* The road is clear as the picture. All heading to the bag at $15000.
* Every reaction of the weekly time frame is respected and in correlation to the daily moving vehicle.
LOWER TIME FRAMES. H4, H2, H1.
So wrong to your 1m, 5m or 15m to see if it’s at that bus stop before you jump in.