Sitting at a critical level. Not expecting it to hold. loose 70s looking to add a decent position for 3rd and 4th quarters. Around .5 fib area if where im looking to accumulate.
Looks like a swing pattern failure to me. Higher highs followed by higher lows last series of weeks except for this week.Trend stall. RR on a trade is much better when we fill that gap. I think e punt down there in the next couple weeks. If we do presents a decent long into election season.
Now that gap is filled. 2 situations. goes a littler deeper down to the mid range fib. or back up to test the range high