Analysis: Zone 1 originally broke in September of 2017 after a whole year. Since then that zone had been tested twice and on the third try it finally broke through and price tested zone 2.
Price barely dipped into zone 2 before the pull back.
If price shows rejection in zone 1 I will enter in shorts and anticipate price to go all the way down to zone 3.
Still holding shorts, price is retracing into the weekly zone and I expect it to drop back after premium price has been collected.
***SL and TP areas are posted respectively.