Hi guys,
i've written down the main reasons why i'm going long in this market. As you can see, we're sitting at a previous level of structure, and we've created an AB=CD pattern with Fib confluence right at that level, that comes at a round number (that could strengthen the support being). We're also in oversold conditions. All those reasons together make me think we could see a rally from this level, even though the trend still remain bearish.
If you have any question/idea, feel free to comment below.
Otherwise, see you in the next chart!
i've written down the main reasons why i'm going long in this market. As you can see, we're sitting at a previous level of structure, and we've created an AB=CD pattern with Fib confluence right at that level, that comes at a round number (that could strengthen the support being). We're also in oversold conditions. All those reasons together make me think we could see a rally from this level, even though the trend still remain bearish.
If you have any question/idea, feel free to comment below.
Otherwise, see you in the next chart!