There are really 2 options Price has here - but the thing that we need to carefully watch and determine is HOW DEEP that pullback is to go long.
I am mostly bullish on this, but as we know - you can't ever be certain where Price is going or how it will behave. So, we need to prepare for all outcomes.
Will be watching how sensitive price is at that Fib and those key levels.
If it doesn't respect those 2 things and behaves Un accordingly i will be changing my bias and will wait for Price to break out of this flag.
I am mostly bullish on this, but as we know - you can't ever be certain where Price is going or how it will behave. So, we need to prepare for all outcomes.
Will be watching how sensitive price is at that Fib and those key levels.
If it doesn't respect those 2 things and behaves Un accordingly i will be changing my bias and will wait for Price to break out of this flag.