if we bounce off this 0.272 from the massive COVID rebound,
the next fib extension is 1913.
But if we break under fib (1860), a retest of 1800 is needed.
That is what I believe the way to approach your trade decision.
Those who fail to plan plan to fail.
H/S scenario IMO. Obviously this is pre-news, pre-holiday.. But a necessary set up. I believe there is still support here and shorting could get you shaken out for one more resistance test. If bears are successful, shorts should pile in on neckline break for a re-test of the 1750 area.. I posted on my last idea the idea of...