Long position entry for 2:1 risk return.
Overall bear trend has not ended, but looks like we are in reversal mode.
a 618 retracement confirming the double bottom would do it.
Needs to break to the 7-8k area with volume pickup to reduce any risk of significant downside.
Overall bear trend has not ended, but looks like we are in reversal mode.
a 618 retracement confirming the double bottom would do it.
Needs to break to the 7-8k area with volume pickup to reduce any risk of significant downside.