A reminder to zoom out, draw your directional bias from the highest time frame. Be patience.
A trip down to the 0.618 level seems highly probable (~$7,550)
Trips down to the 0.65 level (~$7,000) and 0.705 level (~$5,800 - $6,000) also seem highly probable.
Prepare for the possibility to reach the 0.786 level (~$4,200).
Keep in mind the psychology of greed and fear. Smart money wants your liquidity, they don't want you riding their coattails, and will leave you in the dust.
A trip down to the 0.618 level seems highly probable (~$7,550)
Trips down to the 0.65 level (~$7,000) and 0.705 level (~$5,800 - $6,000) also seem highly probable.
Prepare for the possibility to reach the 0.786 level (~$4,200).
Keep in mind the psychology of greed and fear. Smart money wants your liquidity, they don't want you riding their coattails, and will leave you in the dust.
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