As we know, this will rely heavily on how the US indices and gold performs, so here's both outlooks to consider.
We are in a bearish trend, we do have bearish structure and we've now had the usual 61.8% retracement before the next impulsive move.
We need to close below 75 first though!
For buys we need to break structure and the 70.7% fib level before retesting the highs.
We are in a bearish trend, we do have bearish structure and we've now had the usual 61.8% retracement before the next impulsive move.
We need to close below 75 first though!
For buys we need to break structure and the 70.7% fib level before retesting the highs.