The bearFlag 2 breakdown will take us to $40+ and the golden zone (0.618) which is a good reversal area
Comment:
Turns out the bear flag was the correct assumption, also the movement within as an ABC (green lines) was A:C = 1:1. Bearish bias remains unchanged
Trade closed: target reached:
We hit the target zone, which is 0.618 Fib zone and bounced hard. Daily RSI is above 50
Confirmation: < $53
Invalidation: > $59
Targets: 45-40