Final count: Short
If continued rejection at the micro 1.618, likely will result in a 3 wave correction.
Potential short entries: $7,850 and $8,000
If long be prepared to begin damage control
Invalidation: $8,100-$8,150
Potential short entries: $7,850 and $8,000
If long be prepared to begin damage control
Invalidation: $8,100-$8,150
Note
Remain alert if you're in a short position for a quick rebound back upwards. Things have been moving pretty slowly today and I have a feeling that some big moves may happen within the next few hours. Don't be afraid to take profit we are dangerously close to the top of a trend line and things could move to the upside very quickly. Safe trading I'll be keeping my eye on it and trying my best to keep my feed up to date
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.