- Market reacted below desceding resistance
- (21) reacted below 53% and has entered territory below 50% level.
- (21) 53% is also where price has reacted many times in the past, as seen by the yellow arrows.
- Buying area finds confluence with fibo retracement and strong level.
Just an educational post to show how a confluence of technical elements can give a good trade with much higher probability. Also, because there is no to this, I'm posting this as an educational material.