Theres a few things I like about the technicals
main one being that we are in a nice correction channel. I understand the longer the corrrection the more mometum is built to push price to new highs. (think of it like a sling shot)
2. massive wick created in early december was filled yesterday and price violated today
3. Fib ext correlates with the bottom of the channel I am interest to see whether this will hold. If it does not hold then it will for sure reach the order block and create a double bottom aka W formation.
main one being that we are in a nice correction channel. I understand the longer the corrrection the more mometum is built to push price to new highs. (think of it like a sling shot)
2. massive wick created in early december was filled yesterday and price violated today
3. Fib ext correlates with the bottom of the channel I am interest to see whether this will hold. If it does not hold then it will for sure reach the order block and create a double bottom aka W formation.