Bullish and bearish possibilities, but I'm a Buyer for a swing trade either way. Confluence of fibs and other clues should provide direction in the next few weeks, or sooner.
Near Term Bearish possibility: if price breaks $95.21 local low, confluence of support at $76-$78, and gap fill. Seasonality and possible Bearish Gartley formation support lower print before higher.
Near Term Bullish possibility: Should $95.21 low hold, a measured move prints around $181, which is also a 1.62 extension of the move up from $73 to $141, and a retest of Apr 2023 broken market structure.
Near Term Bearish possibility: if price breaks $95.21 local low, confluence of support at $76-$78, and gap fill. Seasonality and possible Bearish Gartley formation support lower print before higher.
Near Term Bullish possibility: Should $95.21 low hold, a measured move prints around $181, which is also a 1.62 extension of the move up from $73 to $141, and a retest of Apr 2023 broken market structure.
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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.