This is not a signal but is for educational and demonstration purposes only. There are no guarantees this idea will play out. We must look at price action along the way. Here are a few confluences I see so far for the short term (they are not confluences for the entire idea; we must watch along the way and take what the market gives us. The teacup is not a guarantee is what I'm saying. We have to look at what the market is doing, not what we want it to do. Watch price action. But for the short term trade possibility:
1. Price pulled back to 50% key fib level.
2. Wick rejection at 200 MA on the daily; this 200 MA possibly serving as dynamic support.
Trade at your own risk. Watch price action on lower timeframe for your additional confirmations before entering.
1. Price pulled back to 50% key fib level.
2. Wick rejection at 200 MA on the daily; this 200 MA possibly serving as dynamic support.
Trade at your own risk. Watch price action on lower timeframe for your additional confirmations before entering.
