Price broke local trend line. Now we see gartley and ab=cd on local horizontal resistance level(red area) if gartley and ab=cd works, we will enter buy position in yellow areal. second option if price closes obove red area we will enter buy positons.
Price is moving down where soon it will enter a zone where it has great potential to reverse and head up. In that zone will test a long term uptrend and the 0.786 fib level of the previous impulsive move. In case price breaks below we should wait for a correction and then watch for a sell setup.
If any setup completes in that zone i will update the post.
On...
