Thanks rottodiver , I will keep going if there is interest
A few thumbs too :-)
"Even with a move to .022 we still need to then see higher supports."
Get our chance now maybe !
.019 would be ideal as such a "higher support" It would lock in the initial move up to .022 and then a move to .023 would not only generate upside targets BUT ACTIVATE THEM.
.019 is ideal because it would be a real test of supply and then demand.
If support comes in at .020 or .021 .. That will show more strength atm BUT with a real test of support still to come.
Lowest I would want to see is .017 and still have a strong bullish definition.
I see .018 as the 50% retrace it is in play as a place we should see very strong support Given the first move got as high as .022 .
Seek the Straight in the Crooked(retraces build the trend!)
A retrace now with strong support is what can set up a Significant sustained UPTREND.
As I said==>" Even with a move to .022 we still need to then see higher supports."
Motorway
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