ETC has been consolidation for some time now, and has made an impact move in the last 12 hours. If the strength is to continue and break .5 Fib retrace we can see it testing higher fibs with a goal of it breaking out completly and targeting the fib extensions.
Currently looking for an entry on the retrace of this move, and prepping for bigger move to come within a week.
Summary Market : Breaking out Overall Trend : Consolidation Current Play : Entry for higher time frame play
Kommentar
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Trade idea stops after the break of the trend line.