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johndoe-TA
Feb 20, 2018 11:47 AM

Possible path to a correction at $13,000 Long

Description

I am expecting a rally up to the downward trendline near $12,500, then a fall down to $11,500-$12,000, and then followed by a rally to near $13,000.

After touching the critical level of $13,000, where there is a 0.618% fib retracement, a 0.50% fib retracement, and a previous pivot high, I expect an immediate sharp pullback.

I suggest you trade with low or no leverage. Best of luck.
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