To continue the downward momentum to the bottom of the channel we could potentially see a retrace up and fall.
61 FIB Level in line with trend line touch. Will monitor the news at that time to confirm the short.
I dont foresee any downward push anytime soon. Some seriously tragic news would have to come out for price to dip to the lows. NFP Friday stocks and indices surged - investors didn't even bat an eye.
Two potential moves that could play out on NAS100.
