FIbo taking shape nicely. ABC pattern confirming the range on the 4 hour.
618 extension at 7465 looking like a nice bottom for an entry and aligning with major previous resistance on the 3rd of April.
If we lose 7700 it will be a great entry.
We have seen big reversals in the past when the RSI reaches close to 20 on the 4 hour.
Will be looking to take profit at 7900 and keep a tight stop in the event of a dead cat. Still good for a scalp imo
618 extension at 7465 looking like a nice bottom for an entry and aligning with major previous resistance on the 3rd of April.
If we lose 7700 it will be a great entry.
We have seen big reversals in the past when the RSI reaches close to 20 on the 4 hour.
Will be looking to take profit at 7900 and keep a tight stop in the event of a dead cat. Still good for a scalp imo