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I favor a pullback here now that we have reached 41.5k
We have hit the 2 fib targets I mentioned in my last post- now that we are here, I favor a pullback happening to at least 39100, if not even going as far as 38800, where we could then look for a potential rejection again, to go back up towards 40k again.
Although, if and when a 4hr candle closes above my .618 fib level @ 41,569, I see price going to the next fib level at around 43,530.
Although, if and when a 4hr candle closes above my .618 fib level @ 41,569, I see price going to the next fib level at around 43,530.
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