After coming off strong resistance and moving down to the 0.382 fib level of the previous climb I'm now looking for a move up to the 0.618 retracement of this possible reversal.
We took a short position at 72.650 and have now closed 75% of our position and will re-enter if the market moves up to 72.400 and loses momentum into 21 day moving average and the 0.618 retracement level.
We took a short position at 72.650 and have now closed 75% of our position and will re-enter if the market moves up to 72.400 and loses momentum into 21 day moving average and the 0.618 retracement level.