I am really liking this setup for a swing trade...
I would keep an eye for a confirmation break of this downward trend-line and the .382 fib around 181.
Oddly enough....the weekly supply happens to right in between the .5 and the .618 fibs so certainly expect lots of resistance within this zone
My game plan:
7/16 190c on a confirmation break of ~181
PT1: 185.36
PT2: 189.73
PT3: 197.30 (1D SUPPLY)
I would keep an eye for a confirmation break of this downward trend-line and the .382 fib around 181.
Oddly enough....the weekly supply happens to right in between the .5 and the .618 fibs so certainly expect lots of resistance within this zone
My game plan:
7/16 190c on a confirmation break of ~181
PT1: 185.36
PT2: 189.73
PT3: 197.30 (1D SUPPLY)
