Yoyoyo, 123$ D1 target hit, this looks interesting.
R/R is definitely interesting, hmm...
- Highest volume of the entire year, capitulation ? (even higher then dec. bullrun)
- We hunted some stoploss/$$liquid.$$ below 123$ and had a major rejection to bring us back above 123$.
- 1 Hammer formed on nov 23, an inverse one is forming today ? (need confirmation at D1 close)
- Fib Retracement looks good around 0.5 - 0.618 but we need volume first.
- The longer we stay at 123$, the worst it will get.
R/R is definitely interesting, hmm...