Updated

Bottom-Bounce or Below

As always Sun nite question where's it going - I seems to have broken prev demand (blue) and has dropped below .5 fib/$26-$76 and is presently testing $50.50 mthly S/R . Prev support below (blue) - 47.22 - strongest is at $ 45.48 / .618/ $26-$76 . IG client (retail) sentiment is app 89% long - if support is show at this level I'll look for a range upward toward $53.34 bull trap . Eur opens have brought this down ( 1 am 4 hr TF ) keep that in mind - Bull reward candles on the table also . Expect the unexpected keep your stick on the ice and your head up ! GL

Note

As I just mentioned on Dailt TF the black T-line (from $26) intersects this pivot -keep an eye on it may be be played .

Note

well alrighty then - we got support - ran back up to supply top (Retail ) and the big short to my anticipated lower support .618 45.48 . New charts to come this aft.

Bankbrother

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Bankbrother