Swing short idea based on Price action, Support/Resistance and Fibonacci.
Two scenarios:
-We will have a relief rally towards 6.18 Fibonacci ratio. Moreover, Yearly Open may act as resistance and will trigger a continues breakdown.
- Weekly Open will not hold and we will continue breakdown towards weekly support
Two scenarios:
-We will have a relief rally towards 6.18 Fibonacci ratio. Moreover, Yearly Open may act as resistance and will trigger a continues breakdown.
- Weekly Open will not hold and we will continue breakdown towards weekly support