My previous post I was neutral leaning bearish.
I've turned more Bullish based on:
1. Seeing the .618 (blue fib) withhold and double bottom
2. Stopping at the 1.0 extension instead of a continuation through (red fib, taken from the A to B to a potential C (red 1.0
3. Current Price action
I'm looking for areas of entry and watching to see how this first wave corrects for a good risk reward ratio with a stop below the .618 blue fib if I'm able to get an entry on this first wave.
Short term resistance i'm looking for red .236 and 0 to be taken out to turn more bullish.
I've turned more Bullish based on:
1. Seeing the .618 (blue fib) withhold and double bottom
2. Stopping at the 1.0 extension instead of a continuation through (red fib, taken from the A to B to a potential C (red 1.0
3. Current Price action
I'm looking for areas of entry and watching to see how this first wave corrects for a good risk reward ratio with a stop below the .618 blue fib if I'm able to get an entry on this first wave.
Short term resistance i'm looking for red .236 and 0 to be taken out to turn more bullish.
