Looking likely for a bounce back to the 50% of the drop, Strong support. Has a few road blocks above so may be a bumpy ride. Usual stop loss MGMT.
Comment:
Bounced here at 236 of larger timeframe.
Weekly 200 will be a challenge.
Comment:
These MA's may cause a problem. Will move stop up to Scratch if we get away to lock in any profits.
Trade closed: stop reached:
Stopped out here.