We are currently testing the .618 fib.
I am personally looking to enter a long position if we are able to bounce off a higher low at the current price range.
We could break to the upside of the .618 but we already got rejected 3 times in the short timeframe
I am personally looking to enter a long position if we are able to bounce off a higher low at the current price range.
We could break to the upside of the .618 but we already got rejected 3 times in the short timeframe
Comment:
Breaking down will also fill the CME gap and cause a lower RSI and less uncentainty