TA discussion, page-1644

I mentioned last week that the "Reversal Magic" was predicting a trend change early this week and the last three days have had higher lows and higher highs right on time.

The fib levels often occur at congestion areas. The 50% retrace of the 28th May low to 22 Sep high is at 80.5c with plenty of congestion near there during November. Just not sure we are done with this area yet.


The next fib Resistance levels are at 89c & 91c, price might tend to stick around there as well.

We are also on the bullish side of this weeks pivot point (78.6c) with R1 at 86.5c. Hoping we finish the week above there.