We’re at the .618 area of retrace,ent which typically has some support but I believe we could se a further drop to $43 or even $38…. $28 is the last resort….Plan to see some movement in these areas, and hold for the long term gain. Once we break back over $78 we could see it follow the strong bull market.
There is a possibility of getting a scalp trade from $61-$63 off this level, but let’s not try to catch a falling knife. Only when we see some more stable support and volume would it be a good idea to scalp.
Good luck and have fun with it
There is a possibility of getting a scalp trade from $61-$63 off this level, but let’s not try to catch a falling knife. Only when we see some more stable support and volume would it be a good idea to scalp.
Good luck and have fun with it
