Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months and now finally complete.
After completing all the previous targets and highlighted correctional areas from detachments, last week we stated that we now have a candle body close above 2557 leaving a long term Axis gap target to 2603, which we had shared on this chart number of weeks back.
We also stated that the new weekly candle will have a detachment below for a correction, which will show up when market opens.
- This played out perfectly, we got the drop into the correctional area highlighted with the circle on the chart and then the bounce giving our target at 2603 axis a Perfect finish - BOOOOM!!!
This weekly chart idea is now complete after tracking and trading this for several months. We will now update a new weekly chart plan and idea next week for the months ahead.
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