3 months in a row we have retested the Monthly support, this month we created a new low with the third retest. pointing downwards
Last week’s candle retested the Monthly but made a new low point, this was the 4th week we tested this . Due to a new low being formed by last week’s candle, I suspect strong momentum still in the market. pointing down.
Fridays candle close wicked the and we have retested this same area today before heading down. pointing down.
Retracement back to the preferred fib zone, and a close below the . Target set after the Monthly Area.