After strong push to the downside we can now say that the pullback(Lowe High) is coming to an end looking for the new Lower Lower
Confluences: 61.8% Fib
-Trendline (2 touches waiting for it to respect 3rd time making it a stronger trendline)
-Price action ( .9940)
Confluences: 61.8% Fib
-Trendline (2 touches waiting for it to respect 3rd time making it a stronger trendline)
-Price action ( .9940)
Comment:
we see that price did not respect fib level 61.8%,,,we se if it respect fib level 78%. If not respected I will not be looking for shorts because it did not respected Lower Highs.