This pitchfork (formed off 10/12 low -> 19/12 high -> 22/12 low) has been pretty effective at pivoting price action. Price currently bouncing off .5 pitchfork level and 9th jan high.
If we head lower, with the pitchfork low will be the .5 fib retracement off (22/12 -> 15/1)
If we head lower, with the pitchfork low will be the .5 fib retracement off (22/12 -> 15/1)
Comment:
Nearing 50 rsi/mid trend point. 50dma & prev resistance
