Here we go master !
After last bearish impulse to test ~ 149.6 (0.7fib ~ golden moment to reversal), GJ gets bull reaction into 150.9 (however, still not lining up with 0.38fib at the last impulse).
So, bearish still wating the momentum, it has 2 scenarios :
1. Bear will take action to retest 149.6 (low potential) or
2. Bear wating until bull bring into within 0.5-0.6fib, we can expect a head and shoulder form.
at the moment, better wait and see, I expect bear will waiting until they get good risk/reward ratio, meaning zone 151.5 - 152 is a good momentum for bear.
Note : I have attached my previous forecast.
Keep in watch and good luck master :)
After last bearish impulse to test ~ 149.6 (0.7fib ~ golden moment to reversal), GJ gets bull reaction into 150.9 (however, still not lining up with 0.38fib at the last impulse).
So, bearish still wating the momentum, it has 2 scenarios :
1. Bear will take action to retest 149.6 (low potential) or
2. Bear wating until bull bring into within 0.5-0.6fib, we can expect a head and shoulder form.
at the moment, better wait and see, I expect bear will waiting until they get good risk/reward ratio, meaning zone 151.5 - 152 is a good momentum for bear.
Note : I have attached my previous forecast.
Keep in watch and good luck master :)
