In my last update I gave you the daily level at 63.5k which was acting as resistance, and clearly never got broken, giving us this drop to 60k
We bounced off the .25 of the pitchfork already given in previous ideas, and should we lose it, I would like to see the monthly which is in confluence with the median of the pitchfork (in red) and the fib golden pocket that you see on my chart, making this 57-58k region a very important one in my opinion.
If we lose this big support area, targets are 54.5 - 55k and then 51-52k
If we hold support and reclaim 63k, I expect a move back to 66k
Any questions?
Good luck traders
Remember not to break your rules
Habib
We bounced off the .25 of the pitchfork already given in previous ideas, and should we lose it, I would like to see the monthly which is in confluence with the median of the pitchfork (in red) and the fib golden pocket that you see on my chart, making this 57-58k region a very important one in my opinion.
If we lose this big support area, targets are 54.5 - 55k and then 51-52k
If we hold support and reclaim 63k, I expect a move back to 66k
Any questions?
Good luck traders
Remember not to break your rules
Habib
