Bounce and a spike off a major critical level,
coinciding with the bounce of the 88.6% fib level,
this leading to a high probability of a reversal.
A ranging market will likely follow.
*********************************************************************
Price action over Thursday and Friday will confirm my position to the downside.
Alternatively, a push further through the critical levels will result in new yearly highs if this psychological level is broken.
coinciding with the bounce of the 88.6% fib level,
this leading to a high probability of a reversal.
A ranging market will likely follow.
*********************************************************************
Price action over Thursday and Friday will confirm my position to the downside.
Alternatively, a push further through the critical levels will result in new yearly highs if this psychological level is broken.
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