Going to continue its way up and hold the Supply and demand zone. (orange area)
Going to hold between the 1.38 and 1.618 area (orange zone) for a possible start of a uptrend.
Thinking it might have a small pull back to the 1.38 fib extension (orange area) but will eventual break the resistance.
Thinking it will retest the major support area then start a uptrend. Candles making higher lows. But price was quickly rejected when trying to break free of the resistance zone.
Thinking it might test the 200 ema. Bounce and continue its down trend.
Looking like a good short set up. Retracement with the MACD loss in momentum.
Holding the 61% area on Fibonacci retracement. MACD shows potential loss in momentum. Wanting for next candle to come out.
Thinking it will hit the .500 retracement line (A-b) then go back to the .886 area (B-C) which is also the the trend line.