Hey,
we've had the follow % drops starting 3 before the futures
35%, 20%, 22%,7%, 8%, 19% in total before recovery
biggest drop being th day of futures
~10% drop puts us at $6500
BUT it keeps the market bullish in this time
it actually touches the prior resistance, which is now support most likely
we're currently down 4.8% since yesterday's high
even if we do a 7% drop, this puts us at 6626
if we do touch that, i imagine a very quick wick back to ~6700+
because it keeps market structure in place
0.236 fib from our previous run is 6487
support 1 on the monthly pivot is 6515
since we are operating under the pivot of 7439, it is very possible we retest S1 before making our run
drops mic and leaves
ps. if we hit S1 and reject it, it confirms a bullish pattern
VPVR makes this look better than i imagined
we usually dump/pump back into the POC of VPVR
which is 6700
we've had the follow % drops starting 3 before the futures
35%, 20%, 22%,7%, 8%, 19% in total before recovery
biggest drop being th day of futures
~10% drop puts us at $6500
BUT it keeps the market bullish in this time
it actually touches the prior resistance, which is now support most likely
we're currently down 4.8% since yesterday's high
even if we do a 7% drop, this puts us at 6626
if we do touch that, i imagine a very quick wick back to ~6700+
because it keeps market structure in place
0.236 fib from our previous run is 6487
support 1 on the monthly pivot is 6515
since we are operating under the pivot of 7439, it is very possible we retest S1 before making our run
drops mic and leaves
ps. if we hit S1 and reject it, it confirms a bullish pattern
VPVR makes this look better than i imagined
we usually dump/pump back into the POC of VPVR
which is 6700
Trade closed: target reached:
:)