Using the fib tool going from previous high to previous low, it looks like on all time frames bulls are being held below our 0.5 lvl (with a monthly about to close below it) which has me feeling this is a dead cat and we 're going to fall soon. I do think it's possible we come to the 0.618 lvl real fast though before falling so I'm not getting into any crazy positions yet. However, If we start closing 4hr candles and daily candles above the 0.618 lvl I'm switching bullish
Just my thoughts
Just my thoughts