Update from previous idea:
New fib, already being broken to the downside, yellow sloping trend line is new support here, if we see a break i'm looking at the 0.236.
this fib has seen support at the golden pocket and then some consolidation around the 0.5 but price has shot through the 0.382/414 meaning the same thing as I said yesterday about price retracing. there is liquidity left there and likely price will come and grab it, there is a lot of shorts currently so there will need to be a balance in the charts, happy to see some retracements but we now have several levels of resistance to try and break on the way back up.
lets see what happens price is favouring the downside, im just hoping one of support levels will come in handy here and we will see a volume bounce back up after catching all of the liquidity. today is gonna be fun.
New fib, already being broken to the downside, yellow sloping trend line is new support here, if we see a break i'm looking at the 0.236.
this fib has seen support at the golden pocket and then some consolidation around the 0.5 but price has shot through the 0.382/414 meaning the same thing as I said yesterday about price retracing. there is liquidity left there and likely price will come and grab it, there is a lot of shorts currently so there will need to be a balance in the charts, happy to see some retracements but we now have several levels of resistance to try and break on the way back up.
lets see what happens price is favouring the downside, im just hoping one of support levels will come in handy here and we will see a volume bounce back up after catching all of the liquidity. today is gonna be fun.
