The A pivot was broken with volume,
the 618 retracement off C is a good entry if we hypothesize that we at least will get a relief rally.
This is on the riskier side since the global market sentiment is bearish
The volume shows increased interest around the 618 and indecision at the current level (low volume), so this is pretty much a coin flip
if we break below C that would be a clear invalidation
the 618 retracement off C is a good entry if we hypothesize that we at least will get a relief rally.
This is on the riskier side since the global market sentiment is bearish
The volume shows increased interest around the 618 and indecision at the current level (low volume), so this is pretty much a coin flip
if we break below C that would be a clear invalidation
Comment:
big sign of weakness - Stoploss is key
