The daily chart is bullish and we have a good ABCD boundary and we have retraced to the 50 Fibb which is C. The a is at price level at 127.88 and B is at 134.95 and the D extension take profit is at 139.31. So on this daily chart we are just waiting for a bullish candle to enter if you trade the daily chart. The 2 Hour chart is in a range and was unable to do an ABCD so we placed a support line at 133.34 and resistance at 134.61. So we will wait for the breakout and see what action we can take as I would like to stay with the trend. The 1 Hour chart has a nice ABCD boundary as A is at 133.86 and B is at 134.93 as we have a C pullback to the 61.8 fibb and looking for the bullish candle to go long to the D extension at 135.59. The 15 minute chart is very ugly as we were able to place a ABCD but to tell you I do not like it I am just waiting to see where it pulls back to and maybe I can enter and take it to the D extension take profit at 134.96.
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