Friday candle closed below res.
The mkt has tried to recover but the new res has capped the move for now.
But price is sitting at 61.8 fib level and could develop another bull attempt in the near term.
Considering from a bigger perspective (big box range), a possible down move to the next res levels are the most likely scenario..
The mkt has tried to recover but the new res has capped the move for now.
But price is sitting at 61.8 fib level and could develop another bull attempt in the near term.
Considering from a bigger perspective (big box range), a possible down move to the next res levels are the most likely scenario..
