Provided that today's candle on 2D closes as a pin bar + RSI & RVI bounce off their support lines, then it it plausible to expect the price to follow its path as presented on my chart. This is an potential price action for local correction that may take up to couple of days to complete. The green rectangle represents a good entry point to go SHORT.
If price action begins to follow the path then two TP may be available for grabs:
1) TP1 at 4390 USD - first level of correction.
2) TP2 at 4570 USD - this is where we have a 61.8% correction on Fib, descending resistance line in purple colour, as well as resistence level based on horizontal volume.
If price action begins to follow the path then two TP may be available for grabs:
1) TP1 at 4390 USD - first level of correction.
2) TP2 at 4570 USD - this is where we have a 61.8% correction on Fib, descending resistance line in purple colour, as well as resistence level based on horizontal volume.
Trade closed: target reached:
Both TP1 + TP2 have been reached as well as the dip to the support line. I hope everyone got good profits!
