Possible scenario to play out
1. Price at key support level
2. Price between 618 786 fib level
3. Uptrendline support confluence
4. Potential engulfing setup.
If price breaks key support level then wait for retest of resistance to short.
1. Price at key support level
2. Price between 618 786 fib level
3. Uptrendline support confluence
4. Potential engulfing setup.
If price breaks key support level then wait for retest of resistance to short.