We got a nice retrace to the optimal fib zone, wicked just past the block that sent us to previous lows, AND made a Swing Failure Pattern on the hourly chart.
This looks to me like the price took the stops to the left and wants to go lower than this.
This looks to me like the price took the stops to the left and wants to go lower than this.
Comment:
It should be targeting the previous low at least, with invalidation above the previous high.
Comment:
Taking its time for sure!