Reasons I will be looking for longs in green zone :
Potential formation of second shoulder
Potential confluence of 50&100
Potential formation completion (if price does indeed go down from where I marked on trade idea I will post in comments)
Will keep an eye on , doubt it will be oversold unless price falls quickly toward the potential longing zone.
I will post short setup I am eyeing out (please note I will not be taking this one as it is more counter trend on my timeframes & I focus primarily on trend trading only) in the comments here if it occurs & will update this chart on any long setups (post confirmations) that might occur in identified longing zone.
The momentum behind the move is strong so need to see a very strong reaction from the bears in order to short this - will update if/when it happens