Update from previous idea:
I mentioned yesterday the 0.5 fib hopefully holding if we push any further down and price did just that. its nice to see but there is still al long way to go, we are also in a triangle formation which needs to break to the upside so that is what I am focusing on now. even if we break up my thick white line will prove as resistance for price.
If we break down still looking at my thin white line being a good level of support, worst case has got to be the yellow support line, I think if we fall even close to that then its just gonna look depressing. but need to take emotions out of it, every move can be traded. the yellow swooping line if tested will probably be a quick wick so putting a buy on it just incase would be smart here.
best case - break above this formation testing my thick white line
worst case - break below here to test thin line and yellow sloping support.
I mentioned yesterday the 0.5 fib hopefully holding if we push any further down and price did just that. its nice to see but there is still al long way to go, we are also in a triangle formation which needs to break to the upside so that is what I am focusing on now. even if we break up my thick white line will prove as resistance for price.
If we break down still looking at my thin white line being a good level of support, worst case has got to be the yellow support line, I think if we fall even close to that then its just gonna look depressing. but need to take emotions out of it, every move can be traded. the yellow swooping line if tested will probably be a quick wick so putting a buy on it just incase would be smart here.
best case - break above this formation testing my thick white line
worst case - break below here to test thin line and yellow sloping support.
