This is the place to watch for a possible renewal of the downward trend. One of the most common retracement levels in trading and/or anything in nature for that matter is .618. Thursday is a typical turn day so let's see what tomorrow brings. I'll take a new short if the move downward accelerates from here.
Trade active
I'm comfortable taking a short here with the stop at 4600
Related publications
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.
Related publications
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.