Breaking down passed a key support has a strong potential to continue down and complete a C wave.
Taking into account volatility, a possible entry for a SHORT POSITION can be ~$150-$200 below the LL.
TP1 : SUPPLY/ DEMAND zone on the DAILY chart.
TP2 : SUPPLY / DEMAND zone on the 1 HOUR chart.
** not financial advice** Just my take on things.
Let me know what you think.
Taking into account volatility, a possible entry for a SHORT POSITION can be ~$150-$200 below the LL.
TP1 : SUPPLY/ DEMAND zone on the DAILY chart.
TP2 : SUPPLY / DEMAND zone on the 1 HOUR chart.
** not financial advice** Just my take on things.
Let me know what you think.