Break upside the 1800 area on a SOS. Next targets = ~ 1850 ( secure target )
~1900 ~2000 ~ 2040
-> What target it may reach has to be estimated bu calculating and evaluating the supply/demand volume in relation to the price action.
• Break under the 1655 area on Sow = Panick & look for sells.
Here an old dirty version analysis of it, still sharing it just to do so, gonna post an entire clean detailed version tomorrow of it, and a markup clean as well
Weekly observations • Price has been moving on heavy demand volume and bullish momentum since the week of December 28th 2020.
• On the week of the 04/01/20 price made a HH and retraced back to the 900.00 area. • 18/02/21 week; Price made HH and closed the week printing an upward hammer on heavy demand volume showing a strong wick rejection upward of the 1040 area. • 25/02/21; Price printing a baby hammer that made a wick rejection that showed a major absorption of supply at 1200 area.
Then from around the 25/01/21 till the 15/02/21 made a move to 2000.