THERE MAYBE A COUPLE OF DIFFERENT OUTCOMES, AT THE MOMENT OVERSOLD STOCKS ARE PUSHING THE MARKET BACK UP IF IT SUCCEEDS IT SHOULD BOUNCE UP TO THE ORANGE ZONE WHICH WILL ACT AS RESISTANCE IF SO HERE IS A GREAT OPPORTUNITY TO SHORT DOWN TO FIRST GREEN AROUND 28.00. NOW WERE ON FOR THIS SETUP.
EITHER WAY IF IT FAILS TO BOUNCE YET THEN SIMPLY WAITING WAITING FOR PRICE TO FALL AROUND ENTRY ZONE.
MAKE SURE TO GET A LOOK AT THE WHOLE CHART FOR A BETTER UNDERSTANDING.
LONG AND SHORT BARS ARE GUIDES ONLY ENTER AT MARKET THE CANDLES ARE YOUR SHERPA'S
ANYONE ANY IDEAS ON THIS? THANKS.
There is good chance at the moment looks like we've had 3 waves up and were about to enter the third wave down (up then down) so will re-evaluate after this wave.
I looked at fib levels but didn't bother adding them in as all sup/res areas look to be between 50-61%
Thanks for your input appreciate it.