Confluence:
Rally base drop supply zone. Price has moved away, formed a double bottom before returning to our zone.
Daily highs, Point of Control & 78.6 fibs
We would need to see price have a change in directional bias. We're currently uptrending but coming to such a strong point in the market, I can see a strong reversal targeting the fib extensions & psychological levels.
Happy Trading
Rally base drop supply zone. Price has moved away, formed a double bottom before returning to our zone.
Daily highs, Point of Control & 78.6 fibs
We would need to see price have a change in directional bias. We're currently uptrending but coming to such a strong point in the market, I can see a strong reversal targeting the fib extensions & psychological levels.
Happy Trading