1. As the long red arrow/ trend line indicates, overall longer term trend is down.
2. We have a reversal pin bar
3. We have the reversal pin bar at the trend line and the 50% fib level based on the prior impulse wave
4. The market has pulled back into this area it orig broke out of, so once it was the floor (support) now it's the ceiling
(resistance) key price level 89000 zone
2. We have a reversal pin bar
3. We have the reversal pin bar at the trend line and the 50% fib level based on the prior impulse wave
4. The market has pulled back into this area it orig broke out of, so once it was the floor (support) now it's the ceiling
(resistance) key price level 89000 zone