$RAY
Currently, I’m at the area—if it’s crossed, the entire movement pattern changes.
Since the top at 2.2193, the price has tried to return above 2.10 more than once, and every drop afterward started to stop higher than the previous low.
The current situation confirms that the pressure moved upward gradually, from 1.94 to 1.97 to 2.02, while the price is now at 2.1382 and very close to 2.15.
That’s why 2.15 is the activation point worth acting on, not just a number above the price.
Closing a 4H candle above it, then holding the 2.10–2.15 zone as support, will open the way for a first retest of 2.2193.
And if that top is broken with a clear close, the next extension would be around 2.43.
But a pullback breaking 2.02 would invalidate the idea, because then the last upswing would have lost the most important rule it built.
$RAY
Currently, I’m at the area—if it’s crossed, the entire movement pattern changes.
Since the top at 2.2193, the price has tried to return above 2.10 more than once, and every drop afterward started to stop higher than the previous low.
The current situation confirms that the pressure moved upward gradually, from 1.94 to 1.97 to 2.02, while the price is now at 2.1382 and very close to 2.15.
That’s why 2.15 is the activation point worth acting on, not just a number above the price.
Closing a 4H candle above it, then holding the 2.10–2.15 zone as support, will open the way for a first retest of 2.2193.
And if that top is broken with a clear close, the next extension would be around 2.43.
But a pullback breaking 2.02 would invalidate the idea, because then the last upswing would have lost the most important rule it built.
$RAY