Long opportunity coming up, IF we dip down to the green box area we can open a long up to the next fib level for a nice 8% gain minimum depending on your risk profile.
at the 14k top you can see we were rejected off the .618 fib (red font) from ATH, this fib level is usually a strong rejection.
a rejection off of a big .618 fib like that should take us all the way down to test the red .382 fib level
at the red .382 (this fib level is from ATH), we should find support as we have some good fib confluence in that area, as you can see we also have local .618 in that green box too.
Besides the fibs we also have an ABC correction that also lines up nicely to the green box.
at the 14k top you can see we were rejected off the .618 fib (red font) from ATH, this fib level is usually a strong rejection.
a rejection off of a big .618 fib like that should take us all the way down to test the red .382 fib level
at the red .382 (this fib level is from ATH), we should find support as we have some good fib confluence in that area, as you can see we also have local .618 in that green box too.
Besides the fibs we also have an ABC correction that also lines up nicely to the green box.
Trade closed: target reached:
This was a really nice fast scalp, closing it here as we're now testing the trend line and i dont want to gamble it.