We should expect a reaction around the blue area (demand zone). When the market gets to that level, it will be wise to either put a break-even SL or better yet, take TP on half of the positions.
If the market reacts by correcting to the upside then we will look to add to our positions at key Fibonacci levels (61.8% but preferably 78.6%).
The bias is still to the downside.
If the market reacts by correcting to the upside then we will look to add to our positions at key Fibonacci levels (61.8% but preferably 78.6%).
The bias is still to the downside.
