It looks like price left us before taking our orders on that strong demand level however it is approaching a reliable supply zone and is forming s raising wedge pattern .We will be interested in selling at that particular price level ,most likely going down to the fresh demand level ,if price action we would be interested in buying again and that particular level in anticipation of a strong rally back to our resistance levels above .
We will be patient waiting for the price to reach marked price and after the 0.78 fib /on arrival to the zone will be looking for some shorting confirmation on lower time frames.DISCLAIMER -the above analysis is not written in stone its subject to failure and constant modifications.
We will be patient waiting for the price to reach marked price and after the 0.78 fib /on arrival to the zone will be looking for some shorting confirmation on lower time frames.DISCLAIMER -the above analysis is not written in stone its subject to failure and constant modifications.