After an extended 1 to 1 completion (yesterday's short) we reached strong areas of support (blue lines - my weekly analysis) where the buyers need to show up. Since the last high that price made is not being taken out, I am still looking for shorts. Price is correcting right now. Unsure about the correction this time, but I am expecting it to happen between the 50 and 61.8 Fib Correction, also in line with price structure. Just look at structure to the left where the sellers have their territory to come in.
Check my higher time frame analysis as well.
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None of the content published on this account constitutes a recommendation for investing your money. Trading is at your own risk.
Check my higher time frame analysis as well.
*DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor.
None of the content published on this account constitutes a recommendation for investing your money. Trading is at your own risk.
