Retracement routine again

Morning folks,

Our 4H setup that we've traded last week is done. Low around 8.9K area is AB=CD target agreement with nearest daily 3/8 Fib support level. Currently market forms multiple trading setups, it is too much to write them here, so for details watch our video on FPA website. Here, I just briefly number them.

We have bearish context. It means that bulls have no good background for trading, only if you trade below 1H chart. In this case you could consider trade right from current level, because we at daily Agreement support area.
But for daily/4H traders bulls have to wait either 8-8.1K area or appearing of bullish reversal pattern here.

For bears there are more chances to trade. Currently we see two setups. Bears could split position in two parts. First entry could be at 1st K-area around 9.3K with stop above 2nd K-area. If market goes to 2nd K-area - there second part of your position could be taken with the same stop. Minimal target will be at 9.2K area, if reverse H&S pattern will be formed, otherwise, ultimate target is 8'145.

But, anyway, you have to make decision by yourself. I show things that right now seem could work.

For details and explanation watch the video. Take care yourself.

S.