As projected on previous analysis few weeks back, Price was rejected at our supply zone then plummeted.
Now price rallied for retracement of our previous sell off at our 78.6% fib retracement.
Projection would be price will continue to drop down to our Lower extremity of our channel then go for another rally that will break our Supply zone.
A safe bet would be to enter LONG at our lower extremity of our channel for better risk reward ratio.
Now price rallied for retracement of our previous sell off at our 78.6% fib retracement.
Projection would be price will continue to drop down to our Lower extremity of our channel then go for another rally that will break our Supply zone.
A safe bet would be to enter LONG at our lower extremity of our channel for better risk reward ratio.