price is currently making an abc pulllback. a leg managed to drive prices down well and b gave us somewhat of a sideways correction that we can look into breaking bearish. short the pullback or b.o. to catch the c leg wave.
if price cannot break my 1st sl level then that will be the sl for the b.o. if it does then we look to short the 61.8 pullback and use the 2nd sl level
1st sl level is wave 1 high within the C wave.
if price cannot break my 1st sl level then that will be the sl for the b.o. if it does then we look to short the 61.8 pullback and use the 2nd sl level
1st sl level is wave 1 high within the C wave.
Comment:
50% +level seems to be resistance
Trade active:
seems about right
David K Giraldo
