I've added the Fibonaci here, since the bounce seems to not happen as fast or aggressive as anticipated! - We are lacking momentum...
This could be a bearish sudden sign, though I do sense a cup and handle, which should also indicate a bullish trend, or at least a sleeping giant move...
The fibonaci is my last ressort to believe that we still can hold our long position... if we fall through fibonaci lvl 50%, prepare for some scalping, in the name of SHORT! and trigger your stop loss. Untill a more trending pattern occurs this could mean we are going further down. :)
This could be a bearish sudden sign, though I do sense a cup and handle, which should also indicate a bullish trend, or at least a sleeping giant move...
The fibonaci is my last ressort to believe that we still can hold our long position... if we fall through fibonaci lvl 50%, prepare for some scalping, in the name of SHORT! and trigger your stop loss. Untill a more trending pattern occurs this could mean we are going further down. :)