Here's a refined version of your description:
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This isn't a bullish idea (sorry, lol).
After retracing from the predictable golden pocket in the Fibonacci zone [0.618 - 0.707] following the initial drop, we went for a retest. This confirmed my bearish bias, as the price rejected from the range highs down to the lows.
We're now heading lower, with multiple supports having failed and flipped into resistance, which we’ve just tapped. I anticipate at least a reaction here, providing an opportunity to secure profits and make this a risk-free trade.
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This isn't a bullish idea (sorry, lol).
After retracing from the predictable golden pocket in the Fibonacci zone [0.618 - 0.707] following the initial drop, we went for a retest. This confirmed my bearish bias, as the price rejected from the range highs down to the lows.
We're now heading lower, with multiple supports having failed and flipped into resistance, which we’ve just tapped. I anticipate at least a reaction here, providing an opportunity to secure profits and make this a risk-free trade.
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