Price looks potentially set to retest the low of $236 and the 1hr 200ma. If we fail to break this area and begin moving to the upside I would be setting my sights on the 78.6% at $243.06. If however we break below the hourly 200ma I would be looking to short this for a first target at $232. The 78.6% is still in sight if we hold the 61.8% and break to the upside from here.
Good Luck
Good Luck
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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.