As continuation from the previous idea, withdrawals for China are open again on the 7th. Expecting a retrace to support line, ranging between fibs 0.5-0.618, whether or not the top reaches the $1400 target range. I wouldn't short just yet but soon. Bearish divergence on the daily for confluence.
Summary:
Psychological Levels- March.7th Chinese Withdrawals
TA- Daily Bear Divergence
Confluence-Support lines are closely in line with Fibonacci retracement levels
Summary:
Psychological Levels- March.7th Chinese Withdrawals
TA- Daily Bear Divergence
Confluence-Support lines are closely in line with Fibonacci retracement levels
Comment:
Other than coming up a little short on $1400 target this was pretty much on the money. Happy trading!
