Slight GA Retrace Onward to July Break

GA is FLYING with no slowing down in sight. Bullish momentum will continue and we will break the July 6th high, I am looking for a re entry to the buy after the slight retrace i'm expecting. I did something unconventional with the Fibb retracement: from the established low i drew out the range to the July 6th high giving us great confluence with what happened at the 38.2 and 61 zones.

Because of this i think the trend line to July 6th can be trusted and this retrace will be small yet provide the best entry as we take out the July high

Yorum:

Fibbonaci from low to high approaching 50 zone, momentum of the downside appears to be slowing down, we may be setting up for the movement back up