MRO - Into the buyers zone.
At the mentoring group we called it a "Mountain".
To me, this is just a buyers zone.
But it doesn't matter how you call it.
It matters, how you use it, and what you are aware of, IF you use it.
Because this zone could get washed in a blink...
That's why it is always a good idea to first observe, and then let the market yell at you, if there is a potential entry showing up.
My guess (...umpf...guesswork...very bad!) is, that it will trade into this zone, come back and play along with the rules of the forks.
This means, it will jump above the centerline, make a retest and then picking up the new direction to the north.
Let's see...let's be patient...let's observe.
P!
To me, this is just a buyers zone.
But it doesn't matter how you call it.
It matters, how you use it, and what you are aware of, IF you use it.
Because this zone could get washed in a blink...
That's why it is always a good idea to first observe, and then let the market yell at you, if there is a potential entry showing up.
My guess (...umpf...guesswork...very bad!) is, that it will trade into this zone, come back and play along with the rules of the forks.
This means, it will jump above the centerline, make a retest and then picking up the new direction to the north.
Let's see...let's be patient...let's observe.
P!
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