The conclusion in my analisis its long.
Price is currently in a D1 retracement, price was rejected at 50% fibo but price fail to break the last low and with that created a higher low, the logical sequence says price will be looking for a higher high near the 61.8 fibo.
This setup its invalidated if price break the latest low
Price is currently in a D1 retracement, price was rejected at 50% fibo but price fail to break the last low and with that created a higher low, the logical sequence says price will be looking for a higher high near the 61.8 fibo.
This setup its invalidated if price break the latest low
Comment:
Price failed to break the last high, if price break the las low the tendence change
Trade closed: target reached