Disclaimer: This isn't trading advice as much a a learning-experiment for me and a good way to test what I am seeing.
It looks to me that if this level doesn't hold and form a new support, that we'll head to lower support that coincides with next Fib level. Rumours abound as usual of upcoming announcements, and we saw what that did last time. This is a high risk-high reward trade.
It looks to me that if this level doesn't hold and form a new support, that we'll head to lower support that coincides with next Fib level. Rumours abound as usual of upcoming announcements, and we saw what that did last time. This is a high risk-high reward trade.