As you can see in the far left, the last time we were around these levels was just the beginning of the move to the $400s. Are we about to repeat or just go sideways for a couple of months?
Ohh well, at least for the short term traders we do have some guiding going forward in the 4 hr chart. We clearly see the downtrend is still in effect, but we could see some bounce off this current level.
If we were to break the $183-180, watch out below since we can target the $156. Having said that, in case you decide to go long have in mind the in front of us and use proper money management to execute your trade.
Safe trading everyone!