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⋅ Hello Traders,
Looking into this set up next week. Looks like we hit that zone for the second time. We can expect nice bounce or brake below. Lets see.
1) Nice reversal zone to hit .236 FIB at least
2) Will meet with 50 EMA there
3) Bottom channel of pitch fork
4) Oversold RSI for a while
Will see what price is going to do right after weekend. No pending orders as of now.
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⋅ Nice resistance level, looks like price found the resistance here, keep watching it.
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⋅ Also looks like we are forming a triangle
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⋅ Level respected, pending order set.
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⋅ Getting some good signals of reversal let see...might be impulse after FOMC today
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⋅ Impulse went more to down side. Need to see if brake was valid and what price will do next