LONG TERM OUTLOOK..NOT FOR TODAY PER SE..
When we study we must look on the lower timeframe and trade according to what we see on the lower time frame. Thus, this is For educational and demonstration purposes. Trade at your own risk. Fib extension confluences with lower trendline as noted.
When we study we must look on the lower timeframe and trade according to what we see on the lower time frame. Thus, this is For educational and demonstration purposes. Trade at your own risk. Fib extension confluences with lower trendline as noted.
Comment:
We had strong wick rejection as noted. Would not be surprised to see higher prices before price falls
