is continuing to break down on the back of the hawkish Fed announcement. We're not going to short it though after such a significant decline; instead, we'd be looking for it to bounce a little, with an ABCD pattern
in completion, an oversold slow stochastic
, and an oversold RSI
, a small correction on the daily chart
is probable. We're interested sellers at the point of confluence between previous s&r zone, 38.2-50% fib, and the 50 SMA
which has been acting as resistance recently.