Hey Everyone,
Please see update on the weekly chart idea we have been tracking for over a month now and still playing out, as analysed.
After hitting and completing 2729 target 2 weeks ago, we then stated that we had a candle body close above 2729 opening long range/term gap at 2856 and will need ema5 lock to further confirm this.
- We got the ema5 lock to further confirm this and this was then hit perfectly last week completing this target. We now have a very small body close above 2856 leaving 2896 open and will need ema5 lock to further confirm this.
This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX