With yesterday closing a fairly strong bearish engulfing candlestick, ultimately breaking the bullish phase line. It would be ideal for a intraday pullback to get short. Fortunately for us we got just that after price had successfully broken the 4H hour 50 EMA, and give us a clean and simple 1H .618 Fib retrace. while also retesting the hourly 50 as dynamic resistance.
Considering all these factors as well as the overall trend of the market, would you think it would be safe to assume that we could at least squeeze at least 1% out of this move? Well only time will tell.
Considering all these factors as well as the overall trend of the market, would you think it would be safe to assume that we could at least squeeze at least 1% out of this move? Well only time will tell.