My analysis is fairly simple, I drew a channel in which price broke it and now coming back up for the retest.
I drew a fibs for the first double bottom I saw on the lower time frame(5m) so I can measure that expected pull back and entry. Price retested the 1.618 twice with confinred rejection and now price is following my fibs to the T so I am expecting a heavy push to the down side.
I drew a fibs for the first double bottom I saw on the lower time frame(5m) so I can measure that expected pull back and entry. Price retested the 1.618 twice with confinred rejection and now price is following my fibs to the T so I am expecting a heavy push to the down side.
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