I would like a retest of broken support where the 38.2 fib is. It could be a good short opportunity. If it goes higher we will look at the 50 and the 61.8. On the 4hr the 200 EMA is waiing right at the 38.2 and broken support. That is idea number 1
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That is idea number 2. We dont want to take a trade in the middle of the range. If ever price keeps pushing down, lets wait for a break of that very strong support and wait for a retest to short it
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especially if it breaks that darker blue zone, that would mean it is break the last higher low on the daily. Keep an eye on that zone
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engulfing on the weekly
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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.