At this point, I have no idea where the daily will be going. A few ideas in yellow arrows, but honestly have no idea. No trade zone for me.
This very well could go down to fill the CME gap, just as much as it could bounce within the next day(s) back up.
Only watching daily, not using LTF's to confirm or chart right now so all ideas are total speculation from my own POV.
This very well could go down to fill the CME gap, just as much as it could bounce within the next day(s) back up.
Only watching daily, not using LTF's to confirm or chart right now so all ideas are total speculation from my own POV.
Quick update with this chart from earlier this month. The break down did occur and now we seem to be finding support on the .786 fib level retrace. Trading range between this level and the purple boxes I had previously drawn. There is a possibility we fall further due to recent news but with all hope we find strong support on this fib level and can recover to continue the price gain.
Apologies for the vague description, I am going to try to publish this with a better description.