NOTE
if you zoom out on a daily timeframe and use your fib,
will realize price is rejecting the 50% plus an area where price
seems to not want to pass (resistance area) that's why I am
looking for a pullback to the resistance area
(NOTE : the weekly pivot is also there)
than a break to the downside
if you zoom out on a daily timeframe and use your fib,
will realize price is rejecting the 50% plus an area where price
seems to not want to pass (resistance area) that's why I am
looking for a pullback to the resistance area
(NOTE : the weekly pivot is also there)
than a break to the downside
Comment:
I'm sorry that the blue rectangle lines were to big, But price has retested that area now we may look for either a couple more retesting OR a sell one time