I've added some very possible support areas based on liquidity and support levels. After we broke down into the range it is not unlikely to take out some of these levels.
Personally I am waiting for a sign of support as these levels in my opinion has a high chance of proving as reverse points, but of course there is a risk that we break through the lowest which most likely prove as the end of this cycles bullrun.
Nothing is sure yet, and patience is key at this point. Neutral will be my advice untill we either hit these levels, or manages to find support and break back out of the range.
Let me know what you think.
Happy trading and good day!
Personally I am waiting for a sign of support as these levels in my opinion has a high chance of proving as reverse points, but of course there is a risk that we break through the lowest which most likely prove as the end of this cycles bullrun.
Nothing is sure yet, and patience is key at this point. Neutral will be my advice untill we either hit these levels, or manages to find support and break back out of the range.
Let me know what you think.
Happy trading and good day!