So plan A from a previous post (www.tradingview.com/v/VHmoWOVl/) is getting participation.
I still think a rise to 9050 (Plan B - www.tradingview.com/v/VHmoWOVl/) is a serious possibility. There are a couple of potential buy zones that could cause the current selling to dry up and have buyers take us higher into the 9050 area. The most significant and most likely in my book is the middle buy zone which coincidentally has fib targets right at the sell zone in the 9050 area.
The lowest buy zone may get a bounce but not all the way up to 9050, but does have that potential. A clean slice below is the best scenario for the bears.
Upper and middle buy zones are almost one giant large buy zone. Upper section is least likely to break the bears but overall that larger upper-mid level should be significant.
Will ultimately have to see how the market acts at these levels. Will be taking bites from smaller time frames.
I still think a rise to 9050 (Plan B - www.tradingview.com/v/VHmoWOVl/) is a serious possibility. There are a couple of potential buy zones that could cause the current selling to dry up and have buyers take us higher into the 9050 area. The most significant and most likely in my book is the middle buy zone which coincidentally has fib targets right at the sell zone in the 9050 area.
The lowest buy zone may get a bounce but not all the way up to 9050, but does have that potential. A clean slice below is the best scenario for the bears.
Upper and middle buy zones are almost one giant large buy zone. Upper section is least likely to break the bears but overall that larger upper-mid level should be significant.
Will ultimately have to see how the market acts at these levels. Will be taking bites from smaller time frames.